But you are not supplying all loads associated with the dwelling unit.
But you are at the time the generator is in use. Load shedding, in effect, disconnects loads or makes them noncoincident. Granted, the standby power load calculation will be different than the service load calculation where load shedding is utilized. But that does not mean you are not powering all loads associated with the dwelling unit... because you not only are at the time the generator is in use, it is required.
702.4 says the standby system (which includes its feeder) must have the capacity to supply the
maximum load (<-- determined by Article 220 load calculation) for a service-generator ATS system. The ATS alternately connects the generator to the same system that the service is connected. If the service supplies all the dwelling unit load, then so does the generator system, as load shedding effectively disconnects loads from that system.
So by y'alls logic, if the generator is sized to supply the entire "normal" dwelling unit load (i.e. no load shedding), we would be able to use 310.15(B)(7) for the generator feeder...?????