Air comes through the spindle all the time to prevent coolant and swarf from getting into the bearings. Tool change kicks the air blast solenoid with a big puff. In some cases the air usage can be excessive which often indicates a cracked line or fitting. Richard had an issue a while back that turned out to be a damaged fitting.
http://www.cnczone.com/forums/bridge...-air-leak.html
If it's an axis drive look at parameter #153 Drive Faults Word. When the machine is happy it will be all zeros. For example 00100000 would indicate the spindle drive error.
The fastest way to diagnose the drive is to manually actuate it by pressing the contractor and reading the error on the display on the drive. I had this happen once.
New (to me) VMC - Page 10
As for running the drives off single phase... you'd need to check the model numbers with the Yaskawa manual and verify that they can all be done single phase. A lot of drives can synthesize the missing leg but many larger drives require all three. If the drive doesn't like the wild leg coming off your RPC it will throw and error indicating as such when you hit the contractor. If it does indicate a power issue then you may need to adjust your capacitors to even things out. You may also find that running some other machine or motor load on the RPC will stabilize it. Maybe someone who runs their machine on an RPC will chime in with advise.