A strong possibility is water has leaked into the connecting wires down to the pump motor. Measure current with a clamp-on meter and compare all 3. If one wire has MUCH less current than other 2, then it MAY be a short in the motor. (to Capt Don:) almost ALL deep well pumps are 3-phase. The reason is that you would otherwise require a starting switch and capacitor down in the well bore. The "3-phase converter" or VFD is kept above ground and it means there are no open contact points in the wet environment of the pump motor. Yes, the VFD output is 120 degrees/phase. But, it is all 400 V square waves of varying duty cycles.
Your initial question does not make sense, however. If there was ANY sort of phase-phase short or even ONE winding turn that was shorted, the motor would draw a HUGE amount of current and the VFD would go to fault status. You talk about above ".8mohm" do you mean above 8 MEGOhm? As wrote the question, that is 0.8 MILLIOhm. You would NEVER use a megger between phases, only from each phase to ground or the delivery pipe. With a round trip of 320 feet, your phase-phase resistance would likely be several Ohms.
Did an experienced well installer make these tests for you, or are you doing this yourself with very limited experience at this?
Jon