Wayne,
Don't underestimate the Lenze DC Motors, they are very good performers, if you get a good driver. My Boxford was fitted with a mechanically interlocked reverse/forward contactor, so if I ever need to do small hole tapping, it should be OK. I know what you mean about VFDs, ftted to my manual big lathe and 626 manual mill, they are a revelation (revolution?).
I hope you will keep posting pictures of your progress, judging by the number of people reading this thread, there is a lot of interest.
Ian