Hi WMENT
The motor nameplate indicates the motor RPM at full load.
If compressor load causes motor RPM to drop below the nameplate RPM, motor will overheat quite rapidly and the lower the speed the more heat you create in the motor/rotor.
I don't think you can go a lot lower than rated speed.
the rated slip at full load is approx 4.2 %.If you lower the RPM to 3400 rpm,for example, the slip will be 5.5 % slip.
MG10 says :the higher the slip,the lower efficiency,slip is a measure of the rotor losses. May not seem like a large speed drop,but the amps and heat will climb to very rapidly, inversely to motor speed. Any motor operation below its rated speed will stress motor /rotor to failure.
GusD