Hi:
In reality, 2HP is puny, as these things go. About the only motivation for soft-starting (other than your own desire to play around with the design, and have to replace undersized modules frequently), would be if this needed a VERY long, undersized portable cable (voltage sag), had some enormous rotating inertia (excessive LRA vs time), or that the motor / belting design was substandard for the load (different motor designs/classes for different load characteristics), or if the supply is only single-phase.
When I worked @ a TI plant, in the 70s, the Powers-That-Be had specified Texas Instruments prototype solid-state motor starters (evidently as new product R&D) on most of the Plant's ventilation blowers. Even though conservatively rated, the Thyristors didn't seem to like living, and we went through a whole lot of replacements.
If you MUST have soft-start, the Wye-Delta arrangement works well, or if the winding/lead arrangement precludes that, look into Resistor types.
Both types require 2 Contactors, an overload relay, Timer relay, and misc. (enclosure, disconnect, fusing, control), and 3 Power resistors, or 3 extra wires. These things, available off-the-shelf, probably cost less, last longer, and are safer than anything you are likely to cobble together, have been time-tested, and are Certified and Approved, so insurance will be OK.
They only LOOK expensive if you don't see the Time-Value-of-Money, or the maintenance cost of 1-off Prototypes. [Been there, Done that, Had to sell the tee-shirt to eat] Yeah, Yeah, it's LOTS of fun to roll-ur-own, but do you want to be Married to this thing, or really Help the guy?
It's exciting as a pastime, but if you sell yourself cheap, you’re treated like a Whore.
HTH
Cheers,
Dave