Do you mean frequency control of a three phase AC motor for your spindle - or what
?
If that IS what you mean, then frequency control of a three phase electric motor means you can have seamless control of the motor speed from very slow to its maximum ( and a bit over maximum if you are lucky). Wiring is very simple, and with a modern single phase to three phase inverter merely involves connecting the motor to the controller.
The controller electronically changes the frequency of the output to control the motor. There are many different makes and models on the market, and probably many available second hand.
Mach3 can control them - if the inverter you choose has the electronics to do it - (NOT Mach3). Mine does not, but I can get M3,M4 and M5 without trouble and I am working on a servo control to control the speed.
The disadvantage is that at lower speeds, you do loose some torque, so if you do a lot of low speed work, a pulley system would still be of advantage, so you could still get maximum torque at the spindle. My motor is twice the power of the original for this reason, and I haven't as yet resorted to a pulley change.
If you are NOT talking about this - ignore it !!!