I have been using a rotary phase converter for a few years now and have had no problems. It's a fairly simple install, and it gives you capacity if you ever want to additional pieces of equipment. Right now, I have two lathes (one of which will be up for sale soon), a milling machine and a cabinet belt sander. When I contacted American Rotary, they advised that I determine the HP on my largest piece of equipment and double it. That's the capacity of the RPC I would need. At the time, my largest piece was 3 HP. I doubled it and rounded up to a 10HP unit. Glad I did because I have since upgraded to a 5HP lathe. I've had absolutely ZERO issues with the system. I even figured out how to wire all my peripherals (DRO, lights, etc.) through the system so everything is operational through a single plug.
One thing I have never attempted, however, is to run two pieces of equipment at the same time. Since I'm a one-man hobbyist, that's never even hit my radar screen, but I'm curious as to whether the system would handle it. I suspect it would, but I'm not curious enough to risk damaging anything.
Bottom line: The RPC works great, and I wouldn't exchange it for anything else.
Regards,