needenginerunnin,
what are the down sides of running a ST7.5 at less than half load ?
Efficiency. You are running a bigger cooling fan at rated speed for every hour you run it. Costs Watts which, in turn, means fuel. You are requiring excitation for the windings all the time, which is likely more than a smaller machine. Small extra drag driving the machine (mechanical losses).
Machine efficiency (if it is even given) will be less than the quoted figures. Manufacturers rarely give an efficiency rating apart from the highest they can achieve. If you consider when running your set while taking no load at all, efficiency is zero (useful energy*100/ energy input). It has to rise to maximum somehow but that graph is rarely ever touted to the user. That graph might rise rapidly to the maximum or, more likely, rise gently to it's maximum at rated output.
All machines should give an indication for transient back-up for starting loads. Many do not. Why? Because they have little back-up reserve. The heavy rolled magnet frame machines with rotating armature are much better at starting heavy loads than stator-wound machines with rotating field, as a general rule I believe.
Starting a 3 HP motor on any sort of load drains my mains (lights go dim) at start-up. I presume there are 'soft start' options to reduce the power required at start-up these days but I am not really an electrician, so I always used to ask someone at work, for help and guidance, in the distant past. Lead size and cabling lengths to the motor may well have a noticeable effect on starting ability as well.
Regards, RAB