VFD Spindle Drive

My new mill has a 3 phase spindle motor.  I cannot get 3 phase where I live (without significant expense).  I looked into using a 7.5HP 3 phase motor I already have to create a rotory phase converter.  They sell pre-assembled 'control panels' which include capacitors and relays required to produce 3 phase power when wired to a motor.  While looking at these panels I came across an Allen Bradley VFD which can use single phase source to drive a 3 phase motor.  In addition to this conversion it will allow the ability to control spindle speed electronically.  After some research and shopping I purchased a Allen-Bradley 22F-A011N103 VFD for $125.  This unit should allow easy connection to my new PC Based CNC System (Software: Mach 3).  Many of the 'breakout boards' for PC CNC controls have a 0-10VDC speed control output and a dual relay configuration that can automatically activate using only two pins.. See preliminary wiring diagram.