Well, I jury rigged the quill feed speed selector system as described above and I hooked up the VFD.
NO GO on the first try. No errors on the VFD though. I just guessed that the motor didn't like the 5hz default speed setting, so I bumped that to 60 and tried again.
Motor spun up nicely, but there was the faint smell of rubber and the spindle wasn't moving. So I shut it down asap.
I can turn the motor by hand, and I can turn the spindle with a socket wrench and a socket clamped into a collet the right size. The spindle does not turn easily though.
I'm still suspicious that the vari-speed spools are messed up. So I removed the speed setting cover and had another look in there. The spindle Spool pulley is set very small which should translate to a high speed, but the window on the dial says low speed.
But hey, the VFD works. I'm running a 3phase motor on single phase power!
Gotta ponder the next step......