Well, I’m going to take a shot at what I think is going on. I may just be sniffin' the wrong kind of glue but here goes...
I think the “black box” consist of a high impedance coil (with low dc resistance) and a set of normally closed contacts. The coil is wired between terminals 2 and 5, with the contacts between terminals 1 and 2. When power is applied the start capacitor provides a phase shift for starting torque.
The “black box” works by an increase in back-electro-motive force (back-EMF), a voltage that is generated across the start winding as the motor increases in speed. The motor’s rotor turning at high speeds near the motor windings (start and running) has a voltage-generating effect; back-EMF.
The generated back-EMF opposes the line voltage and is measured across the start winding or across the relay coil inside the “black box” at terminals 2 and 5. The back-EMF is a higher voltage (266VAC) than the line voltage (122VAC).
The back-EMF voltage generated across the start winding causes a small current to flow in the start winding and the “black box” relay coil, because they are in the same circuit. When the back-EMF has built up to the pick-up voltage, the contacts between terminals 1 and 2 will open. This will take the start capacitor out of the circuit.
The start winding is still in the back-EMF circuit, keeping the “black box” relay coil energized while the motor is running at full speed.
When the power is turned off; the motor’s rotor decreases in speed. Then, the back-EMF generated across the start winding decreases in magnitude. The “black box” relay coil now sees a lower back-EMF and de-energizes. The contacts return to their normally closed position by spring power (and gravity) as the motor coasts to a stop. (The “black box” has a label on the side marked “this side up.” The arrow is pointing toward the pins.)
While taking measurements, I noticed that there were sparks (arc) near pin 1.
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If the continous coil voltage is 300VAC and the nominal pick-up is 266VAC, then maybe the MARS 551 is a better choice.
What do think; am I all wet?