Who has a Milling Machine and Lathe at home?

The problem with the phase converter is that it lags to get the power. And takes time to spool up. It just flat out sucks. (My experience)
A single phase 2 horse motor is about 200 bucks. And maybe 50 bucks to convert it over. The wiring is simple if you understand wires.
Last I heard the phase converter is 2 grand?
If your in a rural area go find a good agricultural electrician or an Ole timer with brains. The young in experienced ones like to take your cash and scratch their heads because their book didn't tell them