it is a submersible pump 268 ft down. so when the pump runs dry and the overload kicks, how long should you wait till you decide to start filling again, or is this dangerous.
If the well is running dry, it should trip the low pressure cut-off switch. If the well is not being pumped dry and cycling on and off is the problem, it will cause the overload in the motor to trip, then the pressure switch will go down on low pressure. If the overload in the motor trips it will reset it self after it has had time to cool down. How long that takes depends on water temp, motor temp, etc.
Either way the low pressure cut-off switch will trip out, which makes it hard to tell which is the problem. If you are standing there by the switch when the water stops and you quickly try to re-engage the switch but the well pump does not start, then the overload has tripped. If the well pump comes back on immediately, you maybe pumping the well dry and it is only going off on low pressure.
Again, either way a CSV would help. It would keep the pump from cycling on/off if that is what is tripping the overload. Even if cycling is not tripping the overload, it is not a good thing because when it does trip the overload, it maybe to late to save the motor.
If the well is being pumped dry, the CSV will allow you to adjust the hose to a lower flow rate so the well won't pump dry and won't cycle while pumping the lower flow rate.
Then a Cycle Sensor would be better than the low pressure cut-off switch. The Cycle Sensor would only shut the pump off if the well is really being pumped dry, and would actually say DRY on the display if that happens. Again it is hard to tell which is the problem when you have a low pressure cut-off switch.