Since I’ve not received a definitive answer, I am updating my post question with an answer.
I have setup my Altmill and unplugged the VFD while doing an “air carve” to simulate a power outage as if the SLB and PC are on UPS. The project will continue to run despite having no power to the spindle. This will break a bit or ruin the project.
I’m prepping setup for the arrival of my Altmill. I will use an UPS for the gControl and SLB. The spindle will be on a separate circuit with no UPS.
Question is, what happens if the spindle loses power? Will the SLB sense this power loss and pause the job? Or do I break bits?
It would be easy enough to add a relay in the e-stop control, and less expensive tha adding a 2nd UPS.