This way of wiring is quite known in Europe as "Steinmetz wiring". It is limiting the motor to about 70% of its nominal power on 3 phases. So it has to be oversized. In some applications it may overheat due to unregular wave form etc.
On the other hand there is a certain number of applications where smaller 3 phase motors can be wired in Steinmetz alternatively.
Last I saw was a fan in a big blower housing where all necessary data was directly given on the name plate.
