Keep in mind that the power needs of the load attached to the motor does not change just because the input voltage changed. As a first order approximation ignoring loss and changes in slip, dropping the voltage to 0.70 per unit increases the current to 1/0.7= 1.43 per unit. Resistive losses in the motor are proportional to current squared, so these losses would approximately double and likely motor burn out.
Dropping 115 volts across a motor contactor would lead to a very large amount of heat to dissipate within the contactor. Typically a "high resistant" in a contactor/joint/spice just means high in comparison to the expected value. For example, a joint might have 0.001 ohm of resistance instead of the expected 0.0001 ohm. This would increase the heat generated by the joint by 10x, but would have negligible impact on the rest of the circuit.
On the original question about a single phase with low voltage, the explanation of reduced back EMF is misleading. An alterative way to analyze imbalanced voltages is by splitting the voltages into positive and negative sequence components. Unbalanced voltages produce a negative sequence a torque that rotates opposite to the direction of the motor. The motor then draws an additional amount of positive sequence current to offset the negative sequence torque generated by the unbalanced voltage.
As a thought experiment, picture two identical motors attached to the same shaft. Apply normal voltage to the first motor. For the second motor, swap two of the phases so it tries to drive the shaft the opposite direct. For the second motor, apply 2% of rated voltage. The second motor will attempt to slow down the shaft, and this setup would lead to significant increase in total current feeding the two motors.