I know this is an older thread, but I am hoping to get some info on this modification. I stumbled across the exact same motor brand new for 70 dollars, and I couldn't pass it up. I am not interested in CNC conversion or high spindle speeds. On the G0704 I have, someone mad a lot of mods, including removing the gear train and going direct drive with the original dc motor. I primarily work in steel. I'd like to get down to about 200 rpms on occasion. This would be short time use, but if I understand correctly this motor should not be run for extended periods below 875 rpm. Basically, I'd like to know if it seems pheasible to use stepped pulleys to give me a 1:1 for general purpose and a 4:1 for lower rpms. I'm not sure there is enough room to do this mounting the motor in the original location. Given, that you have already installed this motor, I was hoping to learn from your experience and save myself some time.