Hi,
as you have said the motor is a dual voltage type, first, the motor needs to be wired for 220-240v delta. then you need to access the inverter program parameters to set the current limit and overload levels for the motor, this would protect the motor if any thing went a miss.
you will have to decide which stop start set up you need for your application, i personally would use two wire stop start using preset speeds,fwd and rev. i would use an accel time for starting(soft start) and coast to stop.
the strange voltage you are getting are down to the fact that the out put voltage of the inverter is DC pulsed to simulate AC.