Thanks guys,
Stebs and Publicgood, I haven't placed the order yet for the generator and transfer switch, so I still have the option of getting an indoor or outdoor TS and indeed it would be service rated. By the way Stebs, thanks for the outdoor suggestion. Initially I gave it thought but I passed on it, not sure why, haven't been there in a month, I'll revisit that option though.
kwired
"For any flush panel I need to get a surface run raceway into I have found the best method (especially if it is larger then 3/4") is to install a junction/pull box that is "semi-recessed". You need at least a 6 inch deep box, maybe deeper if large enough raceway is involved, set the back of box deep enough into wall to nipple to the panel, and front of box extends out the wall far enough for surface raceways to enter the box. This may take some carpenter skills or to hire someone with them to make it look nice when finished. Other raceway or cable entries into the panel can complicate how easily this is done, some may have to pass through the junction box."
That's an awesome idea! I think I'm pretty crafty and creative, but I don't think I would have come up with that one, thanks!