Strongly recommend you spend a little time watching some youtube videos. This isn't the sort of thing you are going to pick up by trial and error and from the forums.on your last photo on cutting threads, that tool you are using is a turning tool, you cannot use it to cut threads, check with who ever you bought the tools from and see if they sell threading tools that will fit your tool post holder
++1. That is what I did.Are there any community colleges in your area that offer machining classes?
I wouldn't know what to look for to see "if the motor is configured correctly for 220V 1 Phase." I ran 14/2 wire from a dedicated 20A breaker, should be way more than enough, it was powering a 2HP motor on a homemade (engine) air compressor for a couple years.