Matt -
On June 2 you posted, "I've been missing my 'start at previous speed' function that the switch gives me." It's not clear, but did you get this working again? If not, you might want to do what I did when I converted a drill press to use a treadmill motor. By adding a simple on-off switch to the center wire of the pot, you can get "start at previous speed." I was lucky enough to find a pot with a push-pull on-off function right on the knob.
My only remaining gripe about the motor and flywheel is that it spins a LONG time after I shot it off. I'm planning to scab on some kind of brake band around the flywheel.