Yes, if you can configure the internal motor wiring for a Delta, it should be operating at 415/sqrt_3 = 240.
If you look at the diagram below, each of the windings (the straight lines) always sees 240 volts regardless how it is configured. In the wye configuration, 2 windings are seeing the total of 415, but each one separately still sees only 240. (The squareroot of 3 term is due to the phase angle between them. That's the meaning of the notation at the bottom "voltage ratio 1.732 to 1")
Yes, the GS1 would run this motor just fine in this low voltage configuration. By the way, regardless how a motor is internally configured, it is always connected to the power source with a delta connection. Some people mistakenly think the terms wye/delta for motors applies to the incoming power. It doesn't. Incoming power to a motor is always delta.
Edit: Oh, care should be taken at this point to ensure that this is not simply set up as a single voltage, wye-start, delta-run motor. If that is the case, the windings are actually designed for the 415 volts, and when in the wye configuration for startup, they are getting less than their rated voltage to keep the inrush current low.
If the motor is already in the delta configuration, then it is not dual voltage 415/240. It is wye-start/delta-run, and cannot be connected to 240 volts.