Not knowing your level of expertise, I hesitate to answer. If you want safe, then consult a qualified electrician for recommendations and installation. There are at least 5 major types of motor loads, with sub-headings under most of them. At the least, use a 50% larger motor than the load. If starting a Design E motor, use a 3 phase motor with three times the HP rating. If starting a motor under load, it may take 5 to 10 times the rated HP to start. If you still are interested, Geo. Carlson gave a good talk at the Houston home metal club a while back. You can find his writeup at homemetalshopclubdotorg, look under projects. On the AC voltage of the capacitors, I would not use 250 volts. Safer to go to 450 or 600 volt, things that may go BOOM when I have my hands around a 16" saw are not high on my list. One last note, if the motor in question requires 4 wire wye inputs, you MUST use a delta to wye isolation transformer after the converter and before the motor. Please be careful.