stoyan,
I wish you'd expand on where the fuel savings come from. I can't see how a "$350. gearbox will pay for itself in no time". Running the engine a little slower will reduce internal friction, but may or may not be a more efficient RPM. Also, you are introducing an additional gearbox with its parasitic losses that could match the lower RPM internal engine friction.
The work being done by the engine, at a given kilowatt load, is equal whether the engine is running slow or fast. Equal horsepower means equal fuel used unless the engine doesn't run as well at one of the two speeds. The ratio of the engine RPM difference does not equal the ratio of the fuel savings, in other words, RPM is not equal to horsepower or savings.
So, what does a large savings mean and where does it come from? Do you have any way of actually measuring the savings from one engine speed to the other with an equal load on the generator?