I don't know how old the Danfoss drive is, but if it earlier than PWM, in other words probably a six step drive, then you can measure the output (motor) leads with a true RMS meter and expect reasonably accurate readings.
On modern PWM drives, my experience tells me that no test meter is going to give you an accurate voltage reading and the current reading will only be around 90% accurate. For my purposes, I NEVER, that's NEVER take readings on the motor leads, instead taking the readings directly from the drive display.
It is true that tests like imbalance voltage and current cannot be read from the display but that doesn't particularly concern me since the voltage output has to be balanced by design and, if the current is out of balance, the drive will protect to the highest phase current. Given the balanced voltage, if the current comes back out of balance, you have a motor that is in trouble.
In cases of extremely long lead lengths, I have seen some of the output current not reach the motor but, instead, pass to ground thru lead to ground capacitance. This can be a nasty problem but, I emphasize, only occurs in extreme conditions--typically leads over 500 ft in length and then it is worse with small motors and drives that with higher horsepowers. The ground current can still be checked with direct measurement by operating the drive with the motor disconnected at the motor. The ground current will show up as output current. Most drives will fault on Ground Fault under these conditions but, if that particular fault is turned off, that's what you will see.