Thank you very much for the informative responses. I really do appreciate it.
Perhaps you can answer another question that deals with this issue.
When using a multi-wire branch circuit the correct way you are supposed to use two circuit breakers with different potentials. In that case, the neutral wire would carry 0 amps since both phases "cancel" each other. Can someone explain this concept?
The reason they cancel is equal loads on each leg, which are 180* out of phase with each other. They have the same potential relevant to neutral (120V) but 240V L-L. If you look at an AC waveform for 120V, it rises and falls 60x/sec (Hz). 240V (split phase) has a second waveform, inverted, superimposed on top of the first; that is, as one waveform reaches its peak, the second is reaching its valley.
If you (wrongly) wired a 240V load onto the same leg (like to poles 2 and 6 of your 3ⱷ breaker in a single phase panel), you would get 120V L-N, and 0V L-L (continuity, not potential), instead of the 240V L-L you should be getting.
That cancellation works a bit differently on 3ⱷ power; you have to have equal loads on all 3 phases to get 0A on the neutral. 3ⱷ power is 120* out of phase line-line.