I fully agree that as long as the actual current is lower than that given on the name plate it is not worth worrying too much.
But I'd like to ask some additional questions concerning the North American safety approach. If I set up an arrangement like that I would have to decide whether the secondary windings are to be grounded or not. If ungrounded this would from an "IT-system" and I would have to install a device performing a permanent check of insulation mandatorily.
Otherwise If grounded (here corner grounded?) then I would have to measure the insulation of course, but furthermore the maximum overcurrent to ground or its equivalent, the impedance of the so called "ground fault loop". With this value I would have to prove that the saw is switched off within 0.2 seconds. Otherwise an rcd (European sort of GFI) is mandatory. The above mentioned measurements are (at least theoretically) absolutely mandatory.
How do you proceed in the US according to NEC or other regulations.