c2sco,
When modeling pump inertia for a transient hydraulic analysis, you should also take into account the inertia of the pump and entrained liquid, not just the motor.
AFT Impulse software provides the following reference to estimate the inertia of the pump impeller, entrained fluid, and motor rotational inertia:
Wylie, E.B., V.L. Streeter & L. Suo, Fluid Transients in Systems, Prentice Hall, Englewood Hills, New Jersey, 1993
KLee777