Caveat here- Are parts still available for Craftsman? Craftsman and the OEM parts don't always interchange. This from a Craftsman contractor.
What is from a Craftsman "contractor" .... a contractor saw or a building contractor? Last sentence is confusing.
Anyway, I've owned the entire range of table saws, from a 1960 Craftsman 100 contractor, belt driven 1 HP, several 3 HP 12" Craftsman direct drive induction saws (my present setup called Sawzilla), a 5 HP 12" Powermatic cabinet saw, a Bosch 4000-09 Job Site saw, and finally a Craftsman 22124 10" hybrid cabinet saw.
Starting out in woodworking with the contractor saw, I used it successfully for 40 years. The 1 HP motor was powerful enough for all but the thickest hardwood, but back then I only has HSS blades, not the thin kerf carbide blades of today.
Next in line were the direct drive induction 12" Craftsman saws which were on sale, so I bought two of them after liking the first one so much and that's when I bolted those two together with and spare table between them and an extension on the ends:
The big Powermatic was actually way too much saw for me and my shop... scary powerful! While it was the "dream saw" of a life time, it was more than I needed:
Then came the Bosch job site because I needed a lighter weigh table to carry around to home repair work sites. It is a remarkably accurate and powerful saw for around $600.00.
A used 12" appeared on Craig's list, so I got it for a "parts saw" but realized I had no place to store except on the left end of Sawzilla, so that's where it remains and is used for ripping with a dedicated Diablo 24 tooth rip blade.
Finally, the 10 Craftsman Hybrid came along also on sale for 2/3 off the list price, a close out floor model.... $500.00 or so.
Excuse the mess on the top, it is a "table" saw after all .....
You may have trouble finding a contractor saw with a 2 HP induction motor, I donno? A 1 HP motor will work OK with the thin kerf blades by Diablo. For thicker material, I use a bandsaw for ripping and resawing instead of a tablesaw.