Rebos,This motor sounds like the ones that Surplus Supply Center is selling.It is almost the same thing as the tread mill motors that they sell.I have two of these running in my shop at the present.One I have on my metal cutting bandsaw and the other on my main grinder.The only problem that I have had from these motors in the last year has been that I had to re-solder a couple of the connections on the board as they were not soldered very good and came loose,and made the motor act up,This was a small inconvenience to have to pay for the price difference.
The shaft is a metric size so I couldn't just order a drive wheel for the one on my grinder but the guy at the local machine shop was happy to make the wheel for me for $15.00.This motor has seen allot of hard use in the last year and I am not sorry that I put it on my grinder,If it went out today it has paid for itself more than once.
The other suggestion I have about them is to do away with the inline circuit breaker.The first of the two motors I have was giving me fits.When it was warm outside and I was trying to grind for any length of time.It would keep throwing the in-line breaker and the motor would heat up very quickly.I decided one day to bypass the breaker as I was wanting to get a blade ground in a timely fashion.And I figured that if I burnt it up,it would just be a lesson learned.After doing this the motor has run cooler and doesn't stop all the time.Like I said I have run it hard for a year with no problems.It has seen days of 6 hours or more of grinding.
They will work great for you untill you can get a bigger and better notor for the grinder and then you can make a disc grinder out of it or run some other piece of equipment in the shop.
Hope this helps out some.
Bruce
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Bruce Evans Handcrafted Knives
The soul of the Knife begins in the Fire!!!!!
Member of,AKTI#A000223 and The American Bladesmith Society