Very good! What are the details on that switch? Where did you get it? Do you have a link to specs?
I take it that when you turn your new switch, the motor immediately starts turning in the indicated direction? IOW, you don't have to select a direction and then use the Run/Stop buttons on the VFD to start the motor running? Just a WAG, but I think the "fwd-rev switch" circuit might work the latter way.
Also, I think on your 3-ph motor, you can immediately flip from forward to reverse without waiting for the motor to come to a stop. I believe it should very quickly stop and immediately start turning the other direction. Such behaviour isn't possible with a single phase motor due to the way the start circuit works.
Craig