If the water level turns out to be at 300', that Grundfos SQE will only pump about 7 GPM. If the water level is any deeper than 300', that pump just won't cut it. I believe the 1.5 HP is the largest SQE they make, which is why that is what they offered.
The Goulds 13GS20 will deliver 14 GPM from 300', and will still pump 8 GPM from 400'. A Grundfos 16S20 will do the same, if you like Grundfos better, which I do because they have Stainless Steel impellers and a good drop in amps at low flow. The Goulds has plastic impellers and not as good an amp drop. The SQE has plastic composite impellers and spins at 10,700 rpm as compared to the normal 3450 rpm from the other two normal type pumps.
They are going to tell you that the 3 phase motor needed with the Goulds "Aquadrive" will be more efficient and save money because it can use smaller wire down hole. The difference in efficiency between the 3 phase motor and a normal single phase motor is not even worth mentioning. And you will be able to use smaller wire down hole with the 3 phase. But that is how they lock you into replacing that expensive and short lived VFD "Aquadrive" several times, because once you have a 3 phase motor, you must have the "Aquadrive" to convert your single phase house power to three phase to be able to run that motor. So that makes it expensive to pull the pump, replace the wire with larger wire, to be able to change to a standard single phase motor.
Constant pressure systems are a very good idea, but how you get that constant pressure is important. The variable speed systems like the SQE and Aquadrive use a $1200+ computer to vary the speed of the motor, while we can do the same thing with a simple and dependable CSV1A valve for maybe $200. Plus the CSV uses a standard single phase motor spinning at normal 3450 RPM, and doesn't have any of the electrical problems associated with variable speed drive systems.
Of course the CSV system will cost at least $1000 less than the variable speed systems and will last much longer, which is why they are not offering you the CSV system. They will even try to tell you the CSV is bad for pumps and anything they can say to get you stuck with a variable speed system, which I believe is a lot like the old story of the Tar Baby.
Either the 13GS20 or the 16S20 with a single phase motor will work with the CSV. The only concern with the CSV is that the water level in the well needs to be deeper than 135', which I would think it is, so as not to put too much pressure on the CSV.
You are wise to do your own research, because now you actually know more about it than the pump guy who is trying to sell you a variable speed system. If he really knew what he was doing and was trying to do the right thing for you, he would have priced you a system with a CSV to start with.