Hi,
when you returned the drive ti factory defaults you caused the V-F curve hit its peak at 60Hz.
With a motor that is rated for peak voltage but at 300Hz then the drive will fault 'over current' every time yoiu start.
You risk destroying the spindle and/or the VFD. Stop what you are doing and reprogramm the drive such that the
V-F curve peaks at 300 Hz.
Craig