Can Anyone Help Me With Some Wiring Advice?

[hemmjo]

If you do not have 3 phase power. I would suggest you get a VFD, if only to learn how useful there are. Type "120 volt single to 3 phase VFD" into your search engine. You will see they are around $125.00

When I got my lathe, it came with a nice 3 phase motor. I was searching for a single phase when someone suggested I investigate VFD. I am SO glad they did. It was a lot less expensive that the correct size motor AND; you can change speeds, direction of rotation, start normally or slow and ramp up to any desired speed, or stop slow or almost instantly. There are some settings you need to make IF you want all of these extra features. But if you want to just run the motor, turn it on and off, you just hook it up and press start/stop.

It is recommended that you put a circuit breaker on the output side of the VFD to avoid damage it if you overload it.

Just my point of view.