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I can't believe it the damn thing works.Another thing I can't believe is I had it hooked up just like you posted all accept I didn't pigtail a wire off of that secondary wire to the 96 terminal on the O/L. I tried it and it started in for but wouldn't go in rev. The contactor would lock in but nothing happened. After looking at it real close I saw the problem. I had the jumper wires between the two contactors on the line side reversed just like the old one was and after looking at your drawing I saw that they needed to be reversed on the load side. The problem with that is how do you hook up the overload relay the way they hook up to the one contactor? I know they make a wiring block just for that and I thought I had one but never found it. Well it wont easy to do and it took a fair amount of colorful language but I finally came up with a jumper system that ain't very pretty but it get's the job done. I'll post a pic when I get done wiring it all up, right now it working mostly off jumpers.
I took some more readings after getting it running with the spindle turning and they look like this now. L1 to L2 238 v.....L1 To L3 218 v........L2 to L3 232 v
L1 to gr 119 v
L2 to gr 119 v
L3 to gr 188 v
With the voltage at the coil at 128 v
I also checked the current draw on each line.
L1 6 amps
L2 6 amps
L3 3 amps
Let me know if that sounds ok or if I need to do some more tweaking on the capacitors. The RPC starts really fast less than a second maybe two to get up to speed and there is very little deflection on the amp probe from normal running amps.
Although I hate to get the bill on this one though