I agree with Gar, first you have no way to keep the generator in sync with the utility source to allow this to even remotely work, second you will still have the problem when you loose the utility power as the 3-phase loads will single phase and go into over load, what this sounds like is you only have a 2 pole transfer switch along with the single phase generator, to make this work safely and function your going to have to locate a 3-pole ATS and place your phase converter ahead of the transfer switch, the only other way to do it with what you have will be to put the phase converter at the load and feed the ATS with single phase using the phase converter for both utility and generator supply, you can not just use one leg from one source and the other two from another source that is not in sync, even if you could sync them then it would be a code violation to do so, you have two options:
1. run the phase converter at the load and feed only single phase from both sources or:
2. use a 3-pole ATS and place the phase converter on the generator side of the 3-pole ATS?
One thing, many static type phase converters do not handle high torque loads very well, then also tend to run very un-balanced between the phases, you might want to look at a roto-phase type as it will do much better and will give you the required start up torque needed.
Read more about this here:
http://www.phaseconverterinfo.com/phaseconverter_rotary.htm