My 1992 book shows motor model number 2243011. The control box should be compatible. And yes easy swap, cable guard and four bolts.
I've done some more digging, and talked to World Wide power & Pump who sold me the Grundfos. It looks like the Grundfos motor is model 96449947 which has a max thrust of 1500 and max current draw of 13.2 amps. WWP&P says that the equivalent Franklin is 2243018602G which comes with a "motor lead" which they say is needed (there is an equivalent model without) and is pretty pricey (about twice the Grundfos).
I'm thinking that to hedge my bets and minimize down time (**very** important) I might buy the Franklin motor, pull the Grundfos and if the motor is the problem, replace it with the Franklin. If the pump is the problem, I would then have to buy a Franklin pump (not sure which one since they don't come as packages at 25 GPM/2HP) and a Franklin control box. How does Franklin compare to Grundfos in quality?
Assuming the above makes sense, what to look for when the motor/pump is pulled?
1)Motor shaft. Assuming that its not the thrust bearing, might this tell us nothing unless it feels like it's binding?
2)Remove CSV and compare dead head pressure to original (100 PSI). If less, is it the motor or pump? Can we put a flow restrictor on the output and see what happens to the current?
3)Examine pump for sediment?
4)?
Is the above the best way to determine the problem? What else (motor resistance?) can we look at before committing a new motor to the hole?