That is a magnetic only breaker, there are no thermal elements. Its purpose is only to protect against short circuits. If it was set to low for inrush, it would have tripped instantly, not in 10 seconds. Besides with a soft starter, the kind of "inrush" this breaker is meant to trip on would not be an issue here, unless after 10 seconds your motor suddenly draws 875A or more. Tripping after 10 seconds is a dead giveaway that you have some sort of serious problem here, i.e. a bad soft starter, a bad motor winding, a bad motor lead, something that is not showing up when the soft starter is still ramping. One of the unsung problems with soft starters is that they can artificially mask deeper problems with other equipment in the system. Turning the trip setting up if there is a serious problem will only serve to increase the colateral damage.
Get out your megger and start testing the motor. Work backwards from there and when you have eliminated everything else, start looking at the soft starter. The SMC Flex is a true 3 phase soft starter, but it has integral bypass contacts. Unlike those that use a real 3 pole contactor, A-B uses 3 separate 1` pole contacts in each of the SCR assemblies. I'm not exactly sure how they work internally, but if one of those contacts has failed to close at the end of ramp, and the soft starter shuts off the SCRs at the end of ramp as many do, you would get no current on that phase. If the motor was still accelerating when that happened, it's possible that the current on the other 2 phases would spike to Locked Rotor and trip that breaker (LRC on a motor with 164FLA would exceed 875A). Turning up the trip settings will not really help if that's the case. I think the SMC would detect and display a bad bypass contact, however nothing is perfect.
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