Did you get this to work ? I have a bunch of these drives stored at work from a previous project that didn't ship, and have a possible project using Mach3 as a control system for a piece of bespoke equipment.
The drive manual seems to indicates that you have to connect to the drive using Baldor's mint workbench software and configure the drive to effectively 'follow' the pulse train on a digital input by setting the drive up using the mint keywords. I've read conflicting info on this, some versions of the microflex manual indicate the drive can do step/dir, and some say it can't.
The drives have been around a good few years now, and Baldor's helpdesk have been really good in the UK on a recent project with these drives (not Mach3 based).