Ideally you want a 2 horsepower, totally enclosed fan cooled (tefc), 1725 rpm motor. That is if you are using step pulleys to control speed. If you are going the vfd route, things are different. Mine isn't tefc so I have to tear it apart and clean it occasionally, but at free, the price was right. You won't be disappointed with the NWG.
When the plans arrive, you will see there is a page explaining what type of motor to get and why.
-Mike