I bounced my issue by the company that I purchased my solid state phase converter from and he suggested a 3-phase 240v > 228v buck boost transformer of at least 15kVA.
So I ordered one up and we will see if that fixes the issue.
I've been running the air compressor all day today with my CNC and so far it's only alarmed 1 time. ( however it hasn't needed to run the fan motor yet because it cools down quick enough in between cycles )
I do have to say that I am very, very happy with the nice quiet operation.... It's a joy to work next to the CNC now without that loud compressor clanking away.
I will keep you posted once I install that transformer.
Take Care...
Kent