The machine operated under power when I bought it which was good because it meant I could sell the controller to a new home, which I did. Since then I've been slowly amassing components and attempting to wrap my head around CNC control system basics.
(here's a photoshopped orange frame for visual reference).

My machine build as of now will include the following:
1. Shopbot PRS 2008 48" x 96" with center legs added.
2. Centroid Acorn Rev4
3. Clearpath CPM-SDSK-3421S-ELN on X, Y, and Z.
4. CNC4PC C86ACCP Board for easier wiring of enable signals.
5. SureGear 5:1 Planetary Gearboxes PGCN34-0550
6. Yaskawa 2.2HP VFD V74X + Spindle
I hope to document the build here, and ask the many questions I'll have along the way. By the time it's done, I'll share all the build schematics and component lists in a new post so it will be easier for others to get through.
If anyone here cares to help me with these first few questions, it would really help me out!
1. It seems many people are running two e-stop driven contactors, one for their VFD/spindle, but also one for drive motor power supplies. My question here is why run a another contactor for your drive power supply if the Acorn when triggered by an e-stop, will disable the drives? By cutting complete power to the motors, you will you not loose entirely where you left off if you fault or hit the e-stop?