I had that same wanting, and I purchased a Wood's E-Trac AC converter and a 3 phase motor(same size and hp as existing motor) both off of ebay. The E-Trac is a 110v model that converts the electric signal to 230v 3 phase. Now I have forward and backwards rotation as well as dialing in any frequency from 30hz to 100hz for speed control. Plugged it in and never looked back. I have a Craftsman model and also hated to change belt positions for different speeds. The beauty is, when you have a bowl blank mounted and it is not "true", I can dial in frequencies at .05hz increments to eliminate table vibration. Also, I can turn pens at normal rpm's and attain friction polishing speeds at the touch of a button. WOW!!!!!