With only 120VAC available, you're options are going to be pretty limited (likely 1 hp VFDs or below), so it may not be worth spending too much time and effort on a backup that you're only gonna need for a week or two anyway. If you had 240VAC in your shop, I might give some different advice.
Personally, I have a couple of KB drives as well as a couple ~$100ish VFDs from China, and I could easily recommend either/or, though it's slightly dependent on application. Yes, KBs are high quality, have better support, are easier to set up and use, etc..., but the average import VFDs that you can buy now days are an incredible value for the price, and actually offer a few more features that your KB drives aren't gonna have. Granted, these extra features don't really apply to the average knife maker / belt grinder set up, but I know that if either of my China VFDs blew up tomorrow, I'd be ordering another before the smoke cleared.
Of course, you do have to make accommodations for the open frames, the manuals usually aren't great, set up can often be a pain, and customer support is pretty much non-existent (depending on who or where you buy from), but at the end of the day, it's a VFD, and it will turn a motor/spindle.