Ok, while IANAElecrician or Engineer (capital E), I've read up a little on this and have some experience as well....here's the scoop so far as I know it.
Relevant terms: Power Factor
The motor of your pump will stay "fully charged" no matter what the impeller is doing and this is where most of the heat that our pumps generate comes from. This is measured in VA, or Volt-Amps, and is what you get when you combine the volts and amps from any electric motor type of device's silver power label. For us residential users, this mostly matters to our breaker box and the capacity of the circuit our pump is on - it's not what we are billed for though. That's watts. Watts are what is consumed as the impeller spins, and this is what we get billed for - the actual work. Slow a pump down as yours is and the impeller does not spin as fast nor push as hard, so not as many watts are used.
So, where would a pump be damaged in being run like this?
The only real thing to worry about is heat - and we know where this comes from. If your pump is designed to be water-cooled and almost all the ones we use are, you can actually burn out a pump by not having enough (or any) water flowing through it....that is literally burned up due to heat build up in the motor coils to the point that the metal (copper) coils crack and no longer make a circuit. To wit: Do not plug in a MaxiJet without its impeller and then walk away.

Some higher-end pumps actually have an
active circuit monitoring motor temp and will shut a pump off to avoid damage.
By extension, if there is some significant water flow (which you have), then while there may be greater heat transfer to the water in the pump (same net amount to the system, but water exiting the pump will be warmer), the pump should be fine. Within limits of course....if the water going in was 150ºF then you're not helping, but ~80ºF water should be able to cool the pump just fine.
So, if you were to have a Mag 18 and were only getting 2 gph from it, I might be concerned about overheating the pump. If there are still ~600 gph running through it,
I'd bet you will be fine running it mostly closed.
If you still want to trade it out, the Mag 18 would make a rockin salt mixing pump!
Concerning the overflow....as you've discovered, the number ratings are "wishful". Not to say that 800 gph couldn't be done.... You might hit 800 gph with a straight PVC pipe running straight from the overflow to your sump that's of equal or greater ID to the overflow's bulkhead. But you better like fiddling around to eliminate rude flushing and sucking sounds all day and all night as siphons form and break (and form and break...) and you better like a lot of churn in your sump as all that air that got mixed in bubbles out and created salt spray on everything around your sump.
If your overflow is rated for 800 gph, I'd target around 500-600 gph of flow so that it runs silent. If you want more flow, then get a second overflow (was my solution), or insert a second U-tube to maximize flow through your current overflow if there's room for it. Of course, this will not help your drain speed, if that happens to be your limiter....that'll take a bigger, or second, bulkhead and accompanying plumbing changes. If you find that you can't get even the 500-600 gph range without flooding, then you need to look again at your overflow's plumbing to the sump - too many zig zags, or too small of plumbing, or both.
Take a bucket to the basement and measure (time) the actual output of your drain and let us know what you're actually draining now. I'm curious!
-Matt
P.S. FWIW, I actually had a one of those overflows (PF800) and returned it cuz it wouldn't hold a siphon during a power-down to save its own life. I'm not a fan. If you haven't, make sure you test yours thoroughly!