Something else you may consider is using a smaller sump pump that runs continuously or nearly so. No problem then with raceway fill, voltage drop, etc.
I would double check to make sure there is not room for 90*C terminations on each end before writing it off.
as for the pump not running continuously, I would think a mechanical interlock or timer to prevent that is the only acceptable solution. Just because a worst case scenario would not require the pump to run for 3 hours, you have to consider failure of float switches, maintenance on other pumps that takes them offline, somebody leaving the H - 0 - A switch in hand or manual operation, etc.
If variable speed is not possible, throttling discharge valves would run the pumps longer, however it would reduce the number of start cycles per hour