Running 3-phase at home

#1
Has anyone here ever converted anything from 3-phase to 1-phase or running a buzz box to be able to run a 3-phase machine?

I don't know to much about 3-phase but from what I understand its more efficient. I see deals all the time on Craigslist and surplus sites for welders, drill presses and other shop equipment.
 
#2
This would be a question for my brother. I know in our shop we have to run a phase converter for a lot of our equipment at Durabuilt.
 
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