I meant to mention the Amps setting.
I didn't try it, but I think that you may be mistaken.
Keep in mind that I have no idea if I'm right, but, I think that the ±1.0 amps I'm seeing is correct at no load, and should be the number that you should be displaying?
Until I start cutting, I won't really know though.
I got a 1/2" collet yesterday. I put a small brass rod in it, and grabbed it with a leather glove while it was spinning. I could get it up to around 2 amps.
Some online calculators are telling me that1 amp is about 0.4HP, which would seem about right to me with no load.
Imo, you should never be displaying more amps then the max you have set in the VFD. In my case, 8.5.
But I could be all wrong.
Video almost uploaded. Will post in a few minutes.