For me, the cpvariable speed has eliminated most of the hand sanding. I was on a craftsman 2x42, spconverted to 72". There were always nicks and scratches that took a long time to sand out by hand. Slowing the belts down minimizes this, and burned edges are a thing of the past. It really is that much better.
It's much like a welder. A cheap one will give you three or four settings, but the good ones are really variable, so you get the exact weld you need.
When I priced it out, a used three phase motor and Kbac-27d was the same cost as buying a new single speed motor and step pulleys. Of course, the single speed could be bought used too, saving some money, but if you shop around, you will get set up pretty cheaply. I just got a 1hp, 3 phase motor for a disc grinder for $78.00 shipped. I had the VFD already, as well as the 9" disc.