In the older version of IEEE43 applicable in 1970's, minimum 1-minute insulation resistance would have been kv+1 i.e. 1.5 megaohms. First you must apply a temperature correction as Edison mentioned. Factor of 2 for every 10C deviation from 40C. One other factor that can interfere with measurement on occasion is high relative humidity.
I am not familiar with older windings, but if these readings are taken directly at the motor (not through long run of cable), in low-humidity conditions, with winding temeprature 40C or below, with no change after 24 hours of drying, I would think the windings are suspect.
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