You'll love it.
Cruise the autmationdirect.com website. Download some manuals. They are closing out Hitachi VFDs, very good value, I have four of them.
You want a 2hp rated for 1 phase input (unless you have real three phase at your site). You'll need 220 VAC to power it. Its handy to have a speed pot and forward/reverse switch separate from the VFD, but you can just use the VFD control panel.
You can run up to twice motor speed and down to 10% of motor speed. But be aware that you lose power as you slow down - at 10% you'll have less than 1/4 horsepower.