well the metal web news is down
http://www.metalwebnews.com/I've built 2 rotary phase convertors, you take 3 phase motor run your single phase to it, then add a second phase by adding run capacitors from old a/c units, the metal can type, pcb's have not been in them since the 1980's. This is your idler motor, when running it generates the 3rd leg. this motor needs to be bigger than the motor or motors you want to. you can make a one with a pony motor that turns the idler motor it's more complicated wiring, with little to no gain. Your buffer isn't going to know the phases are not in balance, it's just spins. If you had cnc then line balance would be more critical.
I've been running them since late 1980's, also have a few VFD's running machines. 3phase machines are plentiful. I have 10 (maybe more quick count)
1 was a new 3/4 hp Sears CC grinder, had to wire the light separate, and when I make room a 1hp Powermatic grinder.
So if someone makes you a good offer on the buffer sell or make a cheap rotary phase convertor! do not buy a static one! the burn out! hp is cut way down! mine lasted a little over a year. black electrolytic capacitor and a potential relay is all they are. Come to think of it 3 hp wysong shear is 3 phase that's 11, there is more just not out there to jog the memory.