are you multiplying 208amps by 1.25=260and then you would make it 300????feeder
your thinking about 215.3 to size a feeder you multiply 208 times 1.25 and add that to the noncontinuous
example:
continuous motor load 100 amps
100 x 1.25= 125 amp continuous load
noncontinuous load = 83 amps
125+83= 208
208 amps doesnt go with any standard breaker size in 240.6 so i would protect those conductors with a 225 amp breaker
if its a tap conductor you will have to look at 240.21B and could have different rules that has to be followed
dont forget about conductor ampacity either. if you have a 208 feeder you can use a a 4/0 75 degree wire copper or a 75 degree AL 300 mcm