Can’t address Park transformation, but there’s this from ABB IL 41-171:
“An open-phase condition, caused by blown fuse or an open winding, produces a negative-sequence component, I2 equal to the running current before the open occurred..."
Since the negative-sequence impedance of a motor is so low, by a factor equal to the starting–to-running current ratio, a 5% voltage unbalance causes typically 30% negative-sequence current. This condition should be detected quickly since the negative-sequence component causes disproportionate overheating.”
See: hread237-23710