The way this circuitry and how it controls the spindle speed is as follows, paraphrased obviously. When you start turning the first pot (50 k) from the CCW position 0 ohms. When increasing the resistance it increases the spindle speed from zero to about 1000 rpm, when the 50k pot is maxed out CW. Then the second pot (10K) begins to increase resistance which slowly weakens the field, but in doing so dramatically increases the spindle speed to 4000 rpm when maxed out full CW.
With how I understand this circuit works, I'm not sure how your suggestion would fit in. This is most likely due to my lack of knowledge. Does your suggestion replicate what the first pot does and what the second pot does....essentially increasing the resistance of the two circuits??