I need to replace an old motor with a more powerful one. The current one is probably from the 1950-70's and is rated at 1/4hp constant duty. I have a 2hp motor that I would like to use b/c I have it and having more power would be very useful for the saw as the 1/4 is WOEFULLY underpowered. The thing is that I'm not good with reading motor labels and understanding the different terms to determine if this motor will work for what I'm doing which is cutting thick pieces of oak (3-6" thick) and also aluminum up to 1.5" thick (different blades for each).
The current motor runs on 120 and I can run 240 to it, but I know it takes some equipment to emulate 3 phase from normal electricity. IDK if there are any other options or if there is any new hardware/equipment that allows to use 3 phase motors, something like a PWM or some DC drive controller.
Here are the pics of what is currently on the saw and the motor I have to replace it.

The current motor runs on 120 and I can run 240 to it, but I know it takes some equipment to emulate 3 phase from normal electricity. IDK if there are any other options or if there is any new hardware/equipment that allows to use 3 phase motors, something like a PWM or some DC drive controller.
Here are the pics of what is currently on the saw and the motor I have to replace it.
