The tach isn't a big deal, easy enough to replace with something digital. Fixing the tailstock is more of a challenge The electronics are not really a VFD as it appears to have the original DC motor, so it is some type of DC converter. Since it isn't original, if it isn't working diagnosing and repairing it could be more challenging depending on the make/model and what information can be found on that converter/controller. It does appear to be a single phase power input based on two fuses (not three) but that is not certain.
All-in-all, looks to be a project machine more than a take it home and use it tool. Projects can be fun, and rewarding in their own way, but if that isn't what you want to get into then you might want to take a pass on this one. I've had a 10EE sitting for a couple years now that I need to finish. Got side tracked building a new shop and a few other things.