It's a special fan duty motor and the different slip values have to do with the type of fan connected to it. Direct drive in-line axial fan (probably yours) means there is no mechanical advantage of belts and pulleys, so the slip will be higher (slower speed), it puts out more torque and draws more current, hence the odd 19.4HP rating. But because the motor is IN the air flow, the motor can withstand this extra loading without exceeding the rated operating temperature. If the motor is used on a belt driven fan or blower (or some other machine) and is not in the air stream, then it's just the 15HP rating, normal slip.
This is very similar to having a "1.3 Service Factor", but they purposely don't show it that way (note the SF=1.0) because it can ONLY be used at the higher value IF it is mounted in the air stream on an axial fan. If they just put "SF = 1.30", someone would assume they can use it on a belt driven application without the motor being in the air stream and the motor would burn up.