I have been using DES-CO 10hp rotary phase converter on my BTC-1 with great success. They can be purchased on ebay for $545.00 www.deselectric.com The BTC has a 3hp spindle motor so you may be able to get by on a 5hp rotory converter, However that would be all you could feasibly run from it. I chose a 10hp with the intent of having a small amount of added 3ph capacity. Originally I purchased it with the electrical box attached to the motor...This was a mistake. The vibration caused trouble with the components. Des-CO sent me a NEW mount on wall unit at NO charge and I have not had any trouble since.
Heed Kevins advise on checking your incoming power and when wired in your output from your rotary phase converter BEFORE powering up the BTC-1
These machines run on the SMOKE theory... If you let it OUT they quite working!
Happy Milling, Stephen