Guys, Thanks a million for all the help. I ended up getting a Super PID speed control, changed the router to a Bosch Colt, bought the precision spindle and finally got it all changed. I'm now trying to figure out exactly how to control it with Mach 3, but it seems to be amazing. The speed controller will allow me to run the spindle anywhere from 5000 to 30000 RPM. I've even gone as far a running the router at 5000 rpm and while it was running I shoved a piece of 3/4" hardwood into it and it never slowed down. The reason I changed to the Bosch Colt is that the company (link above) does not sell Percision collets for the Porter Cable trim router (it's too sloppy of a router and they decided it wasn't worth making percision collets for).
Now I'm off to see if I can figure out how to control the PID with Mach 3.
Thanks again for the help.
Dave