Use the DC injection as this is NOT plugging.
The machine has a run down now of 2 minutes now, but to comply with legislation it MUST stop within 35 seconds.
There are no real reasons why a 48" resaw cannot be stopped in around 35 sec. They run up to speed in that time, thus the mechanical forces are merely reversed.
This is easily achievable I can stop a 48" resaw in around 15 secs when the system is set up correctly, but I don't.
You MUST ensure the installation complies with PUWER98 thus BE EN 60204-1, if it does not the machine will NOT comply with PUWER98 even IF it has a brake, nor will any machine, in the eyes of HSE.
Refer to HSE guidance & the latest version of 60204-1 for further guidance.
Please remember 7671 does not apply.
I am off at 06:00 in the am for a 2hr drive to fix a machine with a DC brake on for a customer so this is my bread & butter.
Inverters are by far the best option and you can use them cleverly to regenerate, but I doubt you'll get a wood working customer to stump up the cost of installing an inverter to comply with PUWER98 on probably a 30kW motor unless you are talking about a toy bandsaw.
BTW the bandsaw is not driven by the flywheel, the band wheels are part of the machine, the motor almost certainly has a belt drive driving the bottom saw pulley.
There are other issues with the saw blades you must be aware of when re-engineering these installations, along with the supply requirements.