If you are pumping only 266GPH and your down plumbing is 1.25" PVC, then I don't see anything obvious that would explain why your standpipe isn't keeping up with the inflow. Nothing stuck in the drain tube? Maybe you have
one of these holed up in there.
How far underwater does your drain line go in the sump under normal operation? It looks like it goes almost all the way to the bottom of the sump which I suppose might cause a little extra back-pressure, depending on how full your sump is.
The next thing I'd try is either replacing the 90 degree fittings with 45 degree ones or replacing the last 90 degree with a sideways T and an extra foot or more of uncapped pipe sticking straight up to allow some air to escape out the top.