I received a lecture yesterday on this subject from the electrician wiring my house and shop. Both are new construction. He advised me against 3 phase for my shop.
I was headed in that direction because at least two machines (my saw/shaper and dust collection) would run better on it. Or, so I thought. He told me I was wrong. Better depends on who you are, it would seem.
I thought 3 phase was better for bigger motors, and cheaper to operate for motors running all day long, such as dust collection.There is no advantage either in torque or operating cost in other motors.
I might add that this electrician just came off a job rewiring the big saws at the lumber mill just down the road. He works a lot with 440v, which is an industrial standard here in the US.
One advantage to a buyer of machines with 3 ph is that the motors are simpler and thus cheaper than single phase counterpars.
Since you already have the 3 ph machine you have two choices for getting your power converted over. You can buy one of those phase convertors that runs off a big motor. They are expensive and really needed only with heavy equipment. For a drill, do what my neighbor did to power up his Vertical Milling Machine in the Garage. Get an electronic phase convertor. These can be had for about $200 new here in the US. They buzz a little when turned on.
If you live in an industrial area, used motors off other equipment can be readily found. Just get the power rating and RPM appropriate to your machine.
My electrician said that every product associated with 3 phase costs 4 to 5 times as much as single phase. Such things as circuit breakers, disconnect switches, etc.
Gary Curtis - California