This desire for a generator is prompted by an unusual weather event last year here in Texas. We had about 4 days of extreme cold (hovered around zero for much of the time), wet, snowy weather last winter. During this time, we were some of the lucky ones in that we only suffered rolling blackouts, typically 2hrs off, 3hrs on.
A few years ago I tried to run a 80K btu propane heater in my shop on a 20LB tank. It would run fine for 30 minutes of so then the flame would go to nearly nothing as the tank pressure fell off. I don't know a whole lot about propane as I typically only use it for barbecuing. Could be wrong but it seems to me that if I ran liquid propane to the generator I would be less likely to experience the effects of pressure loss in the tank during extreme cold temperatures.
Tim