success! and i did not die either.
drill press has a high gear and low gear, with about 5 different selections for the 2 speeds. seems to function perfectly.
Lathe happy with rotary 3 phase 220 also, cleaned up some sketch wiring and install is pretty clean all metal conduit.
pretty slick setup, i can turn the phase converter on with a remote box thats on my lathe, or the panel box behind the drill press.
there is an X0 terminal i guess is a neutral on the transformer? not sure i need that. also not sure if anything in the transformer needs to be grounded. google said no grounds needed? i tied the 220 and 440 ground together which goes back to sub panel ground bar.