Had a chance to check a copy of Agnew today. We are both partly correct, they did have some capacity to put the power through resistors, but this was limited, after which the dynamic braking was disconnected.
He states "When an over-voltage is generated by the Metadyne due to the line not being able to absorb the regenerated power, contactor EG again closes, thus connecting a portion of the entry resistance across the primary brushes. Should the voltage continue to rise after the resistance has been switched in, over voltage relay No 1 operates and disconnects the Metadyne from the line."
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