IZ,
I am not familiar with your particular machine and without having a good electrical schematic for this machine, I would have to do a lot of speculating, which generally isn't a good idea with industrial controls. Based on the photo you posted of the electrical panel there are a few things I can determine. The three fuses in the upper right corner are on the main disconnect switch for the machine and those are the main fuses. These will have to be changed when you convert to 230V supply voltage. Directly below these fuses appear to be a reversing magnetic starter (or simple reversing contactor). If there are heaters, this is the component that will house them. They would also have to be changed. In the upper left corner are five more large fuses which I can only guess are a set of three for a three phase power source to possibly the table drive motor and a pair of two for possibly a single phase power source for maybe a coolant pump. There are several smaller fuses that are likely protecting various control circuits. In the lower center of the panel is what appears to be a solid state controller, very likely for the table drive motor/motors. Without a schematic, this is all guesswork and really of no value. It sounds like you are not familiar with industrial controls, so my first suggestion would be to get an electrician that is. You don't want to hire a general home type electrician as they generally wouldn't be familiar with industrial controls. Secondly, unless you want to tackle the job of completely updating that electrical panel and its electronic controls, I would not recommend using a VFD to power this machine. An RPC should work just fine, but as I said, you need a schematic so you can determine what changes (heaters, fuses, wiring connections, etc.) need to be made.
Ted