:nono:
Don't be in a hurry, I know you're excited.
On the phase converter, CNC zone has a whole forum dedicated to this, you can find the pros and cons there. I have only used rotary phase converters. One advantage with an electronic one is you can get a VFD and then have variable speed drive. Other than that, you'll have to check into the specifics in that section of the zone.
http://www.cnczone.com/forums/forumdisplay.php?f=273
I will be surfing that tonight THANK YOU!!!
Your DRO problem sounds like loose solder joints/wires. It is reading the movement, its just not changing the display. Does it show .0005 or is it just the 5? A good cleaning and inspection would probably help. I'd start with compressed air, followed by a rag with some alcohol or thinner for the greasy stuff. Then look for loose connections and crappy solder joints.
Good luck
Matt