thecannonhouse,
Assumptions:
It is a dual-voltage motor wired as 230v, correct?
It is wired to a drive served by 480v, correct?
In that case, what you may have is a system where the drive has been programmed with a custom v/Hz curve, set to put out 230v at 60Hz, and 480v at 120Hz. This effectively gives you (up to) twice the motor speed with no fall-of in torque. Since you said that the motor is set to run at 110Hz, this setup is logical, since you can overspeed the motor without torque reduction. Understand though, that the motor must be mechanically capable of this higher speed (bearings, balance, fan, etc...), and that the motor's insulation must be rated for inverter use at 480v.
Hopefully, DickDV can chime in here if I've missed anything.
Those connections can be very confusing for those not used to them, and has caused issues when motors are replaced without carefully noting the wiring.
-rpoet