I am planning on using this motor with a VFD to run a Taig ER16 spindle. They also offer it in a 3/4 and 1/2 HP version as the 1HP may be overkill for the spindle.
Surplus Center - 1 HP 1725 RPM 208-230/460 VAC 3PH MOTOR

I was looking at the TECO JNEV-101-H1 with 120VAC 60HZ input.
1HP 115 Volt -- USE AS A PHASE CONVERTER PLUS GET VARIABLE SPEED, Model JNEV-101-H1, Single Phase Input ONLY, Three Phase Output, variable frequency drive, variable frequency drives, ac drive, vfd, afd, frequency drive, drive, inverter, adjustable sp

I'm on a budget but I'm a firm believer in "you get what you pay for". Is this a quality part or should I look at something else?