Here are my concerns:
1. How do you think that you can connect 120Y208 load to one of the generator 120/240 delta windings without an intervening transformer? Among other issues, air conditioner control transformer primary taps would have to be transferred from 208 volt to 240 volts when the transfer switch operates. Similarly, one of the phases would not be able to have 120 volt loads on it.
Another issue is that 2-pole and 3-pole circuit breakers that are connected to to high leg need to be rated for 240 volts ungrounded or corner grounded. A circuit breaker that is rated 120/240 or 120/208 is a violation when connected to the high leg.
2. It is much simpler to reconnect both generator windings 120Y208 volts.
3. For the better generators such as Cummins, you can ( for extra money ) get an oversize alternator that can cope better with bad operating conditions such as a tropical climate or 70% power factor.
3. A delta connected 2/3 pitch generater winding **WILL** have circulating current in it regardless of whether it is 3-wire or 4-wire delta. This is because a 2/3 pitch winding has almost no zero sequence impedance of its own.
The scuttlebutt over at
www.eng-tips.com is that a delta-delta transformer runs cooler if one of the winding is opened and operated open delta because of circulating current, even if both windings are 3-wire.
The correct ways to get 120/240 delta out of a generator are:
a. Connect generator for 277Y480 volts and then use a 3-wire T primary 4-wire T secondary transformer using 2 standard single phase transformers.
b. Connect the generator for 120/240 3-wire single phase and 120/240 4-wire OPEN delta. This gives you 2 systems that would match some other building's configuration.
c. Connect the generator for 138Y240 volts and use a balance coil to derive the neutral. This is a single phase version of a zig-zag set using a 240 primary 240 secondary single phase transformer. Overcurrent protection would be similar to a zig-zag set.
These are all things that can be done with a standard 12-lead alternator.