230v is slightly more efficient than 115v and given the duration of use on most pool pumps it makes sense to go efficient when you can. I found my pump was over-sized, so when it finally died I did the math and replaced it with a smaller one. That saved electricity.
What I don't see is GFCI protection on that panel. Please upgrade everything connected to your pool to be GFCI protected. Usually you can do this with a breaker or two. It's a big deal and as a home inspector I harp on my clients about it all the time. Electrical shorts in the pool can be deadly.
Beyond that, you need to look at the current draw and wire. Quick and dirty method is to use a voltmeter to measure voltage at the timer. If it's 120v to ground per leg and 240v leg to leg then you may not have issues. You might also consider checking it when the motor is running. If it's more than 10% off then you might have voltage drop issues and you should check for that. If checking for voltage drop and using a voltage meter on live wires is not in your wheelhouse then get an electrician involved. It isn't that much money in the grand scheme of things to be done right. Not doing it right may cause the motor to run hot and burn up motors.