A stepper motor is a completely different device from an induction motor. With a permanant magnet rotor, it can be used as a generator as well as a motor. A stepper motor, a "super-cap", and an LED make a usable low power flashlight. With a handful of other parts, of course. . . No battery, just crank and go.
A "Fwd-Off-Rev" switch
can be used, but not like an induction motor. There will be a controller between the switch and the motor. Fancy, high fahlootin' electronics. . . Controllers are cheap, and provide the functions you desire. I use M.P.Jones as a source (
www.mpja.com). They tend toward cheaper devices, but stuff comes and goes. If you find a particular model, it may, or may not, be available next week.
Steppers have taken over a number of low voltage or low power applications. They are even available in 120 or 240 volt applications, but very costly. The big advantage is that they can be "stepped" to make one revolution. One step at a time. . . A 7.5 degree stepper can be stepped 7-1/2 degrees, and then waits for another pulse. That pulse can come in 1/1000 of a second or it can come next week. Coupled to a "lead screw" to make a linear actuator, it can provide a highly controlled positioner. Such as replacing the hand wheel on one end of a mill. Speed and direction are easily controlled.
.