I copied the Craigslist ad to show him what it's possible to find out there with a little luck (now I see that it's on eBay too). I'm not interested in that stuff myself
Having to cut that shaft down would put a dent in the "good deal" Just the same I think that setup could be a score for someone building a grinder. Between 1.5 hp motor and some decent pulleys with a good belt I bet you could spend $200 (plus shipping and maybe tax) easy.
I was kinda surprised to see that the seller says the motor is AC yet the speed can be controlled that variable speed module. I thought variable speed motors were either 3 phase 220 or DC.
Corey "synthesist " Gimbel