I would recommend a 5K speed pot, the spec. for the WJ200 is 1K, so anything in the 1-5K should be OK. The P1 and P2 are thermostats (P-Stats), alternatively I often connect them either to the E-Stop circuit or there is the inputs/settings to connect them to the WJ200 as noted above, which will shut down and give you an error code. The connections will differ if you use source vs. sink logic. Consideration should be given to if you want the P-Stat to shut down the motor AND also send a stop single to your CNC program, similar to a limit switch. Shutting down the motor in the middle of a cutting sequence could be problematic. It is also possible to use a simple 2 pole 24VAC relay powered through the motor P stat which also provides power to the main power contactor and connect one pole to the the VFD P-Stat contacts and the other to CNC program stop function. Breaking power to the E-Stop, Power or the P-Stat opens turns off which opens the relay and stops the motor, powers down the VFD (this takes about 30 seconds) and sends a stop signal to the CNC program.
I had previously posted a 3 wire connection diagram that can be used with momentary buttons as opposed to 2 wire sustained on to input 1 and 2. It also utilizes the current machine E-Stop system to power down the VFD. A few people have used this on their PM mills. I am a bit unclear if this machine is going to be used for CNC, then the computer/program would control both the direction and speed of the motor directly unless you are manually going to be doing this.
I found your schematic last night, couldn't remember where I first saw it, and studied it thoroughly. Bear with me as electricity is not my strong point. If I understand your logic the factory supplied for/rev switch is still used to control spindle direction. I understand the function of the two momentary switches; one for On and one for Off. Is this correct? Is the symbol in the wire between forward and reverse a diode?
For info my mill is CNC but will manually be changing speed and spindle direction until I move onto phase 2. Phase 2 will be a ESS and spindle control board upgrade.
Til the next onslaught of questions, thanks for your help.
Tom S.