Edison123,
The existing motor is rated at 1,000 RPM at 550 Volts. I am assuming that you mean the "base speed" (without field weakening) is 1,000 RPM.
Now the weak field setting of the reliance motor will give you 1,200 RPM at 700 VOlts. Doing a straight ratio calculation gives you 943 RPM AT 550 Volts. So clearly you will not be able to get the 1,000 RPM at 550 Volts without weakening the field below it's nameplate value.
This in itself may not be an issue, as we have operated motors slightly below the weakest field level for years without adverse effect.
Having said that, there are a few things that can "Getcha"
1
Is the motor to be used in the fourth or second Quadrant (regereration)?. It is well known that motors operating in weak field and in Regeneration tend to be a little Unstable (read un-predictible) in this situation. If you do not do heavy regeneration, Then this should not be an issue.
2
In the weakened field zone, the motor requires more armature current to achieve the same torque that it has with a Strong field. This is a reasonably linear ratio. Now the motor is rated at 2,000 HP, This gives you about a 33% margin but the whole thing hinges around how much the field has to be weakened to achieve the 1,000RPM at 550 Volts. if it is greater then 33% reduction You could be in Trouble.
The calculations are complicated because some DC Machines are designed for deliberate stalling, and cyclic overloading so they have a lot higher current capacity then The nameplate rated. If this is the case with the 2,000HP Motor then you may be OK.
What is the nature of the application, a Continuous proccess ? or a cyclic loading ?
Does it require the full 1,000 RPM or can you get by with the 943RPM?
Does it need the Full 1,500 Hp?
If you were to post the full nameplate data of both machines I could comment further but with the information supplied it is hard to say more then I have.
Regards
Tom Grayson