If you look at retrofit motor-VFD kits for many mills like those sold by Servo as well as others, they all use direct drive and use an inverter style motor. The inverter type motors tend to have a wider operating speed range with constant torque below the base speed (typically 10:1) and constant Hp to ~2X the base speed. You are limited at the extreme speed ranges if a TEFC motor. Typical operating range might be 20-150Hz, although performance drops off around 2X the base speed. A vector motor/typically those designed to run off of a VFD, have constant torques pretty much down to 0 speed (1000:1 constant torque or more), the TENV type do not have cooling issues at speed extremes, and typically are designed to operate to around 3X their base speed for their 4P motors (~6,000 RPM) with full Hp. The newer Marathon BlackMax (Y543A 5 HP) series also have an aluminum housing so much lighter then their cast iron counterparts like the BlueMax and Baldor IDNM, ZDNM types. They also have provisions for an encoder for positional control. Using an encoder requires a compataible VFD and tuning, as well as interfacing with the CNC system. Altenrative maybe a BLDC with controller.
This is a Marathon Motors vector motor. Item Vector Motor. Speed 3,600 RPM. Duty Cycle Continuous. We have inspected this item and we do not have the capability to fully test it. This unit needs to be hardwired and should be installed by a professional.
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Using a Reeves drive of this type, you loose power/heat in the drive and will see accelerated wear, can't say I have seen any modern CNC mill system that use them.