A household dimmer switch would slow your 240v motor, as long as its not over its current capacity
It would. Don't know nearly enough to even guess why your PWM didn't work as i've only got experience of them with DC motors and i don't really know what i'm doing there either. Just that it works but gets 'notchy' at low rpm when you have a blonde moment and connect the motor brake through the PWM as well as the motor
If the motor is 33rpm at the moment then halving that would be a good start (as 16.5rpm is more than enough for a swager) and cheap to do if you can cobble some fittings together to make use of say a cam belt or chain pulleys/sprockets. Bicycle chain and sprockets would be another way and make it easy to mess with ratios. That'd give the motor a chunk more torque which in turn might make the loss of torque from a dimmer switch or your current PWM set up tolerable?
Just to let you know, you cant use a PWM to change the speed of an induction motor. it will just get hot and stall easily. Any brushed or 'universal' motor will be fine, like whats on hand held tools etc. A wheel chair motor and a few car battery's might be easier?