One problem might be that the euro motor has a different mount than what is available in the US, so more work get something mounted. Also I am not sure about the shaft size thing to get the EMCO multi-groove pulley to mount to a US motor , more problems. You might see if you can find a EMCO motor, might be the easiest, I have the single phase 115 volt 2 speed motor on mine and it works just fine. The other EMCO motors are all 3 phase, actually the 115 volt motor is 3 phase but they add a capacitor to make it single phase but at less power than the straight 3 phase motors, 1.3 hp vs 1.8hp. You might go down this idea, get a convertor to make 3 phase, then a transformer to go from 220v to 440v, then you can use the motor that's on there. I think that I mentioned this before, but I have a VFD on one of my mills, that has a 2 speed motor that I wired to the high speed winding, It works ok, but looses power at low speeds, could be because it is an older VFD, I don't know?