Owen:
I am not an expert on motors by any means. However, maybe I can help.
A friend of mine that does high end, artistic custom woodwork (think carved entryways for churches, etc.) cuts and mills his own wood. His Jet 18" with a 2 hp motor only lasted about 18 months in his shop and the motor burned up. Apparently it overheated (cutting veneers from
8"X8" logs will do that!) and the bearings dried out; this in turn caused the shaft riding in the dried bearings to overheat and break.
He pushed it hard as he always told me he regretted that saw as the 2 hp just wasn't enough power. So in the end, he was right. We are looking for a 3 hp motor now to replace it.
The continuous run motors in my opinion can be tricky. The motor guy at the armature works here in town (yup... they really rewind them on site!) told me that "continuous run" meant that in some cases it could run for about 45 minutes out of an hour, imtermittently, and indefinitely. This would emcompass the heavy duty motors that are in compressors, industrial washing machines, etc.
On the other hand, he has some "continuous run" motors that HE considers continuous run motors. They are made to run all the time powering chillers for roof top cooling systems, elevators in buildings, fountain pumps, and swimming pool skimmers on commercial pools. They never shut off, but they might get an rest now and again.
Like so many definitions that are bastardized today, I think the point is that you need to find out from the manufacturer what their definition is for the duty rating on that particular motor.
According to my motor guy that is keeping an eye out for a good motor for the broken 18", a continuous run motor is not nearly as important as a quality built motor. He only suggests Baldor, Lesson, and some GEs in certain sizes.
According to him, all the continuous run motors are made to be rebuilt. While the others may be repaired, but it may not be advantageous to rebuild them. That being said, he did tell me that if he could get the continuous run motor at a good price he would get it for me.
If I were you, I would probably look for a good quality TEFC and not worry about the rating too much. Once you get into the 3 hp range, you probably won't find too many light duty motors.
Just my 0.02.
Robert