Kyle, a 11/2HP would work fine. Get a TEFC(totally enclosed fan cooled). I don't know what your shop voltage is, but for 120V, get a 90VDC motor, for 220VDC, get a 180V motor. With HP above 1 HP, 220V is really the way to go. On the controls, make sure you get one with the heat sink, it's an option. Whether you want to be able to reverse, and or have dynamic braking, is something for you to decide. The braking I use all the time, but the reversing feature, I rarely use. I will give you the part numbers of my setup. The motors are Leeson, the controls Minarik.
Motor Cat.,#= 108092.00 Leeson
Control # = MM23201, or MM23101 Minarik
Heat Sink # = 223-0174 "
You might also want to get a # 64-2220A Archer, 5PC TV alignment tool kit, from Radio Shack. Costs about $3.00
You will need that to make the necessary adjustments to the control, after set up. It is very simple, and covered in the instructions.
http://www.minarikcorp.com/index.html
They have branches all over the country, and 800 #s also. Get a catalog from them when you contact them, it is a wealth of information.
Good luck to you.
