IMHO this is not the _right_ transformer for the job, although it might be an acceptable transformer for the job.
IMHO the _right_ transformer for the job would be a 240V delta to 480/277V step up transformer, with the secondary grounded at the neutral point. Such a transformer will have taps on the 240V side so that you can adjust for incoming voltage, will have a neutral point to ground on the secondary side, and will be designed to minimize 'inrush' current on the 240V side.
The transformer that you propose using may work acceptably, however it will not have primary side taps, will require the secondary to be corner grounded or _ungrounded_, and will show higher than expected 'inrush' current.
You ask about a 'stinger' leg; this is normally found in delta systems with the midpoint of one of the secondary coils is grounded. You won't be able to create a such a high-leg system, since you won't have a midpoint to ground. If you decide to ground the secondary, you will have to 'corner ground'. I would recommend grounding, rather than jumping through the hoops associated with an ungrounded system.
Search the forum, and you will find many threads on the issue of running transformers in reverse. It can be done, but with many caveats.
-Jon
P.S. I made the mistake of assuming that you have 240/120V three phase service, not 120/240V single phase service. If you have single phase service, then you need more than a transformer to get 480V three phase.