The problem with doing a wood/metal cutting bandsaw is that the speed range is very wide. As stated, the low speed should be about 75 FPM. A good wood bandsaw should run in the neighborhood of 3000 FPM. This gives a 40:1 speed ratio, which is way to wide for a VFD without using an extreme oversize motor. The While VFDs will run a motor very slowly, they loose horsepower linearly from the design speed of the motor down. So if you run a motor at half it's speed, it will be making half it's rated horsepower. You can run the motor to about twice it's rated speed safely, so that means if you want a half horsepower available at the blade, you could use a 2hp motor and run it at 1/4 the rated speed, which would give an 8:1 speed ratio (1/4 the rated speed to twice the rated speed). This leaves a 5:1 ratio that would need to be taken up, either with change pulleys or a variable speed pulley. Single stage variable speed pulleys don't have that kind of ratio, so you would need to use a two stage (accomplished with a special variable speed pulley on a moving countershaft or two normal variable pulleys on a moving countershaft). That's why most of them are either one or the other. Not to mention that most shops don't do much work that crosses over from wood to metal and vice versa. I have a bandsaw that I am planning on putting a combined VFD/variable pulley drive on. The variable pulleys are outrageously expensive if you buy them new, but they can be picked up on ebay for a fairly low price. I put one on an antique craftsman 3 wheeler (its the same kind pictures above by kernbigo) that I have, and it can be varied from about 100-300 FPM and it works pretty good.