Throttling valves are common in the water distribution industry and are not a problem for the pump or motor as long as there is some flow rate. A pump motor actually uses less energy and runs cooler when you restrict the flow (i.e. higher head loss). The down side is it is less efficient in terms of GPM/Watt-hr.
However, that can potentially burn out an induction motor. Reducing the voltage on an induction motor increases current and slip so it does slow down the motor but at a higher current use so it can burn out the windings.
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