IIRC the L&S AVS is a pretty electronic heavy D.C. drive system.
No static box will work on it.
+1 Nor, very well, a Rotary, either.
AFAIK, the early ones were DC motor, DC Drive. Then they changed to AC motor + VFD.
"Built-in", either way. That is where the "VS" (Variable Speed) comes from.
AVS have only a few geared ratios - three is it? "Sibling" L&S, same/similar bed & all - had "many" geared selections.
Downsides?
Either way, DC Drive or VFD, the L&S AVS wanted true 3-Phase power, where the smaller Monarch was happy with single-phase.
Conversion of the later AC motored models, AFAIK, just wants a new(er) VFD that can take the place of the factory one.. AND, operate from single-phase power, in this case. Such VFD are no longer uncommon.
DC Drive, originally? I'd use a Parker-SSD 514C-32 for Armature, SSD 507 or 508 for field.
The 514C Armature supply would need a stout boost transformer and a SERIOUS ripple-filter (choke), the 50X Field supply, neither - just operated off 240 VAC, and limit-set for the motor's Field needs.
2CW. I don't HAVE an AVS, and have ceased scouting, what with the Cazeneuve HBX-360-BC under-roof.