This is starting to sound like the "Never ending story", but that's OK as it is of interest and keeping a few of us entertained.
I had a bit of spare time and have re-read all the posts and would like to summarise the application as I see it.
I will make a couple of assumptions
1. the flow is 90GPM
2. the discharge pressure taken at some point at ground level is 140PSI
3. the pump is set at 40ft with 30 ft of water over the inlet - making the water level 10 ft below grade.
4. pump efficiency is 72%
What is unknown
1. how accurate is the flow measurement.
2. how accurate is the pressure measurement.
3. how accurate is the power measurement.
4. what is the hydraulic loss from the pump discharge to the above ground pressure measuring point.
5. what is the standing water level during pump operation.
6. is the pump performing to the publish curve.
Using the assumed Q, H and efficiency the power at the pump duty point is;
[140 x 2.311] + 10 x 90 / 3960 / 0.72 = 10.528 HP
So what does this mean, well the pump is running somewhere on its curve at an unknown flow and total head consuming approx. 10.5hp which is above the nominal rating.
In my “neck of the woods” we don’t have SF rating on electric motors however; it seems that operating above nominal is OK according to our North American colleagues. This being the case and as the motor is submerged and probably cooled sufficiently to operate in its SF it should, as pointed out by others, be OK to run.
Should you wish to reduce input power there is a couple of options, increase the head on the pump or pull the pump and reduce the impeller diameter on the final stage which will reduce the flow a little head a bit more and power at a greater ratio.
On the point of having a system resistance curve I agree with Johnny Pellin, there is no need to have this for an existing installation unless you are going to modify the system by changing the pipe work, operating conditions or changing pump speed or impeller diameter. If a pump is running smoothly, is free of cavitation, etc it is operating somewhere on its H/Q curve at a measurable flow, head and power input, it might not be where you want it to be or expect it to be – but it is somewhere on the H/Q curve.
But I guess the story will continue ---