Actually, the 60hp drive is not such a bad idea at all if you are trying to take advantage of all of the short-term overload capability of the motor. A NEMA B motor typically has about 220% overload capability which occurs at around 240% of nameplate current. A 30hp motor is going to be around 37amps FLA so 240% of that is about 89amps. That 60hp drive is probably rated for around 72amps so 110% short-term overload drive capacity should be 79amps. You can see that even with the larger drive, the motor still has more overload capacity than the drive does. So the large drive is no problem, in my view.
However, operating the drive is V/Hz is a problem. Since a NEMA B motor typically has 160% starting torque and that occurs somewhere around 7 times FLA (let's see, that would be 37 times 7 or 259amps). With the drive amps max'ed out at 79 amps, the starting torque will be 160% times 79/259 equals 48.8% of nameplate torque. Pretty wimpy, at best.
Changing the drive to Vector operation is the key. While I am not at all fond of the GV3000 (even there published sensorless performance specs are barely better than V/Hz operation), in this case, running the drive in sensorless Vector mode will keep the motor from being driven over the breakdown torque point and give far more starting torque if set up properly. Make sure you put the motor nameplate data into the drive parameters exactly per the nameplate. Then do the ID run or Auto Tune operation that Reliance specifies. Then be sure to set the drive Max Torque Limit parameter to 200%.
Doing this will get you at least three times and maybe even four times the starting torque of V/Hz control.
You didn't state the base speed of the motor but, if it is 1800rpm (four pole) then the continuous torque available would be 90 ft-lbs. Peak torque with the big drive attached would be around 180 ft-lbs.