Boy I feel like such a distraction The overspeed was only in example
In general, a 15hp NEMA frame motor with cast aluminum rotor and with 4 or more poles (that's 1800rpm or less on 60hz) is good for 90hz right out of the box. Just check the manufacturers' torque-speed curves for verification. So, in the OP's application overspeed is possible but is not going to make his situation better because there isn't enough hp to get to 60hz much less above that.
If the OP desires to use the motor without any "funny stuff" or "tricks", then setting the current limit right at the drive's continuous output currect rating would be simple and adequate. The motor will be able to run up in speed until it reaches the drive current limit and that's all. Everything will be happy running right there. It might be 58.5hz or 57.5hz or somewhere right in that neighborhood. If the air is warm it will run a bit faster. If colder, it will run a bit slower.
The discussion above about wiring the motor for 240V and setting up the drive for a 480V 120hz motor is not going to work because the drive doesn't have enough ampacity to operate the coils in parallel. This kind of configuration is a very clever way to get double hp our of a dual voltage motor but the drive has to have double the ampacity to pull it off. Since the drive is the weakest link here, it is not a solution.
The over speed, over voltage over hp example is just using the equipment in a favorable way. An extreme example in the opposite direction that is needed by the OP. But the example lays on the same line. The V/F line!
Skeptics might think of these aspects of electric motor manufacturing.
Many motors are dual voltage. 220/440 are very common. No rocket science insulation or wiring goes into these motors at either voltage.
Two pole or four pole motors (3450/1725 rpm) are also common. No special construction goes into building 3450 motors. Inertia is not that great even at the higher rpm. ("large" motors are excepted. 10hp is not large) Dual speed motors exist. two poles at 60 cycle would yield the same motor rpm as a four pole motor supplied at 120 cycles. (not exactly the case we are discussing, but an example of motor robustness and flexibility.)
Importantly, VFD's do NOT output Voltage independent of frequency (the V/F thing, this is different from running on mains without a VFD) Since Volts drive amps, there is a bit of self regulation going on. How much Resistance, (inductive reactance) the motor provides is accommodated in the VFD motor profile settings.
So all I'm saying is
If, I had a 10HP VFD and wanted to power a 15 hp motor (we could do this in watts) and didn't want a lot of nusiance tripping due to over amping, I would set the vfd to limit the motors ability to consume the amperage that would cause troubles. (Clear as mud!)
As the ABB-ACS550-U1-015A-BO55 VFD mentioned is a 380-440 volt device,
Wire the MOTOR for 440V
Provide line Voltage between 380-440 3ph power to the VFD
Set the V/f profile to 440 volts at 40 cycles per second (not the default 50-60)
set the motor amps to match the maximum rated output of the VFD (or a bit less) (I might use auto tune, but would go back in and reset some of the values. The VFD might not play well with a motor half again as big as it's supposed to see.
Done!
One could then monitor the actual amperage used while the motor was in service and bump up the maximum frequency at line voltage if possible.
Moving the end point at the high end of the V/F line.
There is always a time element in the over current protection to guard against nuisance faulting. Some playing around is always possible.
I might also slow the acceleration ramp on start up to keep the amp draw in check. What's 10 seconds to a fan? ;-)
Cheers
Cal