Yes.Now I'm thinking I should open those valves because I could probably lower RPM even more and save more on energy costs?
With the valves open and the old pump, the flow was probably between 110 and 120 GPM, which is about what I was estimating originally.
Open the valves and redo the readings (power, flow, pressure) at different speeds.
You should be able to lower the speed by a lot and the power usage should drop by a lot as well as the noise.