On a lathe I usually recommend you go with a 3 phase motor, as it is less susceptible to failure, gives more speed flexibility and can result in a better surface finish. What I call the basic VFD install for the 1236T/1340GT is quite straight forward ( does not require removing the existing control system, just rewiring) and can be done for around $500 with the GS20 VFD, or with the GA500 about $700. The 1236T/1340GT significantly benefits going to a 3 phase motor and adding a VFD, as you can change the speed dynamically, you get controlled acceleration and you get very quick predictable braking (usually ~1second). These significantly add to threading/turning to a fixed point. As far as threading, many individuals thread away from the chuck, but with a VFD you can thread either direction in a very controlled fashion. I had previously made complete replacement VFD control systems for the 1236T/1340GT with electronic stopping that permitted threading up to 500 RPM, but no longer do so. I am only doing some one off turnkey type VFD systems for forum members that I have worked with in the past/friends.
On threading, usually the faster you thread, it improves the finish and less likely to work hardened/chatter in some difficult to turn metals like SS. I recommend using lay-down inserts like those from Carmex, Top Notch system from Kennametal, or some individuals have used the Aloris threading insert system. I can provide more details and/or get yourself a copy of David Best's book on indexable lathe tooling which is a great primer outlining the lathe indexable tooling. I also use the cross slide for threading as opposed to the compound, never had any issues with the 1340GT doing so, and for the electronic stopping you always end up at the same stopping position. At slower threading speeds thee may be some advantage to using the compound.
Many individuals buy the PM1340GT lathe as a 3 phase machine with the intent to convert it over to a VFD system, the usual VFD that is used is the Hitachi WJ200-015SF. Unfortunately the conversion often requires a somewhat complex and costly conversion process to optimize many of the VFD functions. In many cases the machines may sit for many months if one is not familiar with how to do the conversion. I normally do these builds/conversions for other individuals, and have shared this information in this forum, but it is somewhat involved and very time consuming.
I normally do not...
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If you do go three phase with a VFD, you can follow the basic install instructions, these days I have switched my recommendations for VFD's to the Yaskawa GA500 series (GA50UB010ABA) or the Automation Direct GS20 series (GS21-22P0). The install is similar but the JOG is easier to setup as there are two separate inputs, I can provide parameters for either of these VFD's and some basic guidance if you decide to go the VFD route.
Yaskawa - GA500 AC Microdrive - GA50UB001ABA - 1/16 HP, 1.2 Amps, Normal Duty, .17 HP, 0.8 Amps, 240 VAC, Single-Phase, IP20/Protected Chassis
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