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You got a steal of a deal on this motor, Denny.
They work without a start switch by the caps creating the phase shift
in the 90 degree auxilery winding, sorta like a 2 phase motor, I think it would start up on
a lathe with out a problem, there's not really a load there, and with it being 1/2 hp.
it should spin up just fine.
I got my DC motor the same way, just flat stole it...it was like a 400.00 dollar motor.