But there's no discussion in this thread so far about any continuous loads. It's not appropriate to default to the assumption that a load is continuous. The definition of continuous load is quite strict so most loads are non-continuous.215.2(A)(1) Requires a feeder to be sized at 125% of continuous load.
In the context of 215.2(A)(1), it is the loads that must be determined to be "continuous," not the generator (although it would be unlikely to taxed to run at 100% output power for 3 hours uninterrupted). About the only continuous loads in a house are lights if you leave them on for 3 hours or more (but that's usually a small load) or an EVSE.I would of assumed a generator is running under a load for a house continuously, in an emergency situation. Or at least wire it accordingly.