That's the spindle I'd probably buy if I were to upgrade mine.
But again, I have no experience with it at all.
For a few $$ more, you can get a more powerful version.
https://www.ebay.com/itm/3-5KW-1-92N...8AAOSwWxNYwopx
It's probably a lot heavier, though.
I'm happy with my Huanyang VFD, and would definitely buy another one.