In the sketch above, you see the lower winding, the A to C one, which is center tapped with the center point grounded. The A to C winding is 240V overall, so from the center point to either A or C is 120V, exactly half.
However, you also see there is no direct connection from the center point up to B, and the voltage from the center point up to B will be around 208V, an unfortunate coincidence. And, as luck would have it, 208 is probably close enough to operate the 230V chop saw.
The right way to do this is to run 230V from any 2 points A-B, B-C, or C-A, or to convert the saw to 120V and run it from either 120V leg (A or C) to neutral.
Radar