I have two 3-phase motors from Grizzly that I got from their specials page. One is a 2hp TEFC and one is just a 3/4hp sealed motor without the fan. I guess they were phasing out carrying 3-phase motors as they don't list them anymore. I've been pleased with them. The TEFC runs my KMG and is a great size for the grinder, and the smaller TE motor runs my disc grinder.
For whatever reason, the price seems a bit steep (probably because I got such a steal on the motors I bought), but if it's comparable to what you've seen out there, I wouldn't have any worries about the motors themselves.
FYI, 1.5 hp is about tops if you're planning on running them on 110V, so I'd definitely recommend wiring up 220 if you choose a 2hp motor just to protect yourself from overloading the wiring system.
--nathan