I've never built an RPC, so I can't speak to that. But I have done enough research, and talked to enough people, to know that what I want for MY shop is an RPC. I have no desire for a VFD or a static converter. Both options aren't even 3 phase. They "fake" the third leg, but only to get the motor started, then it cuts out, and is only sending 2 of the 3 legs to the motor. So your motor is only giving you 2/3 (at best) of it's HP rating. Plus, they have to be sized for the motor and are not "portable". And the VFD requires some configuration to not smoke your motor. Static ones are a little more portable, but you can only start one motor at a time (not typically an issue for the one man shop).
The RPC, on the other hand, is true 3 phase, and can be used on any size motor it is rated for (generally, you need an RPC that is double the rated HP of your motors (total). i.e. A 2HP Bridgeport would want a 5HP RPC.