Back on the subject--a friend runs his 3-phase shop equipment off of
a rotary "phase converter" (Rotocon). At first blush, this looks
like nothing more than a 3-phase motor with single-phase feeding one
(delta-connected) winding with the others being fed through a large
capacitor form one side of the mains or the other. The equipment to
be powered is connected in parallel with the windings of the Rotocon
motor.
I take it that this might work for motors, but probably would wreak
havoc with a less-reactive load such as a VAX.
Cheers,
Chuck