Mactec54
except fot the 12v which should be 10 volt, the diagram is correct.
The 10 Volt output is capable to deliver 20 mA so any pot which has a value greater than 500 Ohm will not overload this.
A to high Ohm value pot wil give a to high impedance to the input which might give a non linear speed control. My experience is that any pot from 1 Kohm until 25 Kohm works perfect on the many VFD that I worked with.
You are right most probably his +10v output has failed. to be sure, I would verify that again and be sure to use the analog signal common for the negative pole.