Hey!
I also wondered about such a question, and decided to use the VFD power outage scheme manually, button on my cabinet. I use a switch to supply the voltage to the power supply blocks of stepper motors and the rest of the electronics, and the double button (2 NO contacts with a green button and 2 nc contact with a red button) for VFD. Both switches - with state light bulbs so that I understand, they are ON or OFF. The main switch is 12 amp, in my case it is enough to supply meals for everything except the spindle (at least with a double reserve!). A double button can be any, as it serves meals only on the reel of the magnetic starter, and the current there is very small, but voltage is 220V.
Also, the magnetic starter is needed with an additional contact NO, and the beauty of the scheme is that after pressing the green button and the operation of the magnetic starter, the power current of the coil flows just according to the additional contact. Also, in this scheme, it is easy to install the relay in series with a red button, and for example, the relay on the Estop command - so the spindle will turn off when an accident.
The scheme is applied below.
My English is bad, so you're reading machine translation results. Alas.