What is the driven load?
What type of phase converter?
"Static" phase converters (the ones that just use capacitors to create a phase shift) are best suited for a constant load type of application. If the load varies they don't work as well at balancing currents in the motor. They often have a boost function for starting the motor, but once running like to see a load that doesn't change much and generally only can be used for a single motor.
Rotary converters work good when you have multiple motors being driven. They still tend to unbalance current in the motor though, and often is good idea to derate the motor, especially if it will run at rated load very much, that imbalance current will overheat it if running at full rating, but then proper overload protection should still shut it down also, but the damage can add up over time.
Use of a VFD for phase converter is probably the best and most energy efficient option most cases. But if only using two input lines instead of all three you must derate the drive, general rule is to double the drive capacity over the motor capacity, though techically it kind of should really need to be 1.732 times the motor current rating.