Any pictures of your grain mill?
I have a 1/2 HP cap start...I'm scared of it, I think if a finger got fed into it it wouldn't cease up until around the elbow . A little more power is better than a little less so you don't have to worry about it stalling if you start it with the hopper fully loaded. That gearbox is nice though. I made a cube that contains the the motor, pulley system, hopper, and MM3 in as a compact area as I could muster.
I'm pretty sure you wouldn't want to get your arm caught in my 1/3 HP either. I can't slow it down at all by squeezing the lovejoy coupler with my fingers. For geeks sake, your 1/2 HP motor would yield 151 in-lb torque in my setup.
Here's a helpful link from Groschopp for those calculations:
http://www.groschopp.com/Portals/0/Marketing/NEMA 60 hz Data Specs.pdf
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