Well I bought a photo tach this weekend and just checked a few of my machines.
NM200 series 1
1000 rpm on Mach3 was 1029 rpm on tach , 1049 on the VFD behind the machine
2000 rpm on Mach3 was 2036 rpm on Tach, 2040 on VFD
3000 rpm on Mach 3 was 3019 rpm on tach, 3035 on VFD
4000 rpm on Mach 3 was 4029 on tach , 4049 on VFD
So it seems that I got mine dialed pretty close to what it actually is on the vfd/mach3.
Just thought I would add that incase anyone else is curious.