I thought I'd post here as I recently solved this same problem.
As part of the first bring-up of my buddy's 1960-ish-built UK HLV-H, it was refusing to stay on after I released the green "ON" button.
Working from Bill Todd's wiring diagrams, I was able to confirm that the NC contacts on two of the three overload breakers were not making contact (OL1 was working, OL2 and OL3 were not). I removed them, took them all apart and cleaned up the NC contacts (they had visible carbon arcing marks), and reinstalled them with a bit of dielectric grease on the (internal) contacts. I have to note that these contacts are rather poorly designed, and look and work a lot worse than your average relay with its contact buttons. I've attached an image of the underside of one of these breakers, showing where the NC contact is made.
But I digress .... after I cleaned up those contacts, now the 115VAC feed from the switch passed through the three overloads to the M1 contactor's coil and held M1 in, which meant that the HLV-H now stays on (and works) when the start button is released. I also moved the primary feed into the control transformer X1 from 440V (as delivered) down to the three-phase 400V I had created for this machine.
I found two differences between this 1960-ish UK-built HLV-H and Bill's 1966 UK-built HLV-H:
- All of the contactors run at 115VAC, not 230VAC. The feed from the internal isolation / control transformer to fuse F1 is 115VAC.
- This machine has only an SPDT reversing switch (unlike the 3PDT switch shown in Bill's diagrams). It has an series of labels added by the original user that explicitly remind the user to turn the machine OFF before changing direction.
FYI, to run this machine, I set up a 3kW 400V VFD set to 50Hz and with a switching frequency of 10kHz followed by a sine wave filter (SWF) to feed the entire machine from this setup. All the secondary motors (speed change, coolant pump, carriage feed), the lamp, and low-speed operation are all working nicely. When running in low speed, it draws around 2A @ 400V. However, I haven't yet been able to get it to work in high-speed mode -- lots of unhappiness in the cabinet or the VFD throws overcurrent trips.