The one you have will work. But I am not familiar with this it.

The one that I would use (if you could send it back) would be the tried and tested :-

https://www.ebay.co.uk/itm/Speed-Con...sAAOSw97RfAuIN

some of the important settings is the motor number of motor poles I think it is 2 if you have the Chinese 2.2kw spindle

and the input voltage & current. Also the max frequency 400Hz so the the spindle will run at 24K