A 1.5kW vfd would be sufficient to run a 1hp surface grinder
I have tested very inexpensive vfd’s for many different purposes.
I have not experienced any failures with inexpensive vfd’s in real life operations on lathes, milling machines, packaging equipment and food processing equipment.
Have a look at a Huanyang 1.5kW single phase input 3 phase output
The manual is chinglish but easy enough to use
Programming is relatively simple
I ran my Boyar Shultz on it for a couple weeks before I upgraded electrical distribution
Good luck, whichever way you go