A 240 is a very tiny bit more efficient. Not so's you'd recover $150 tho. Not sure you'd even recover 10% of that on such a small motor....
The 240 can use a smaller set of feed wires - how long of a run from your power to where the pump will be? If the wires are already there, what is there (wire size, number of wires, length of run)? This might be very immoportant if you need to run several 100's of feet, or it might not mean anything. As well, do you need 120 out there for some other reason, then you need a 4th wire for the 240 - don't know what you have.
In general a 240 is a little better, but that is quite a price difference, don't know that it's _that_ much better!
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