I've done the same thing you are looking to do.
Step 1) Just wire your controller to a 4 wire 240V outlet in it's own enclosure.
Step 2) Get some 4 wire cable rated for the proper AMPS you will be using (in my case 12 AWG), wire it to your motor of your grinder and attach 4 wire plug on the end of it that matches the 4 wire 240V outlet as described above.
Step 3) Repeat step 2 to but this time wire it up to your disk grinder.
Now, any time you want to use your KMG, plug it into the outlet controlled by the VFD. If you now need to use the disk, just unplug the KMG motor and plug the disk grinder motor into the VFD controlled outlet. If you get more motors that you need to control, just repeat Step 2 above. I control my KMG clone, disk grinder and lathe from the same controller. Only drawback is that you can only use one machine at a time. No big deal for a single person shop.
Eric