If you do pickup a PTO generator, and then do gearbox or pulley work to alter the input RPM, verify that the output is within spec. You can bugger up a lot of stuff by running outside of the standard frequency range. I don't know all there is on electrical theory, but I do know that more and more of our modern appliances are more sensitive to those fluctuations in either voltage or hertz of the electrical supply.
If you're running it for hours on end, and don't plan on taking a look at it now and again, a Murphy Switch is valuable, but if you're sitting in the house, probably ok to just step outside occasionally to take a peek. I have a big portable electric start that spends all fall, winter and spring on our patio under a cover, with an input box on the side of the hosue. The genny stays wired to the ground system all the time, all someone needs to do is uncover, pull to the edge of the overhang, plug it in to the wall, and hit the starter. It will power most of our house. Until recently, I only had one tractor around here, and it spends all winter with my snow removal equipment mounted up. It would take an hour to get ready if I relied on it to power the house, and my wife couldn't do that alone if I'm out on the road, but she can start the portable. Also, for me, that tractor could supply more electrical power, but would be mostly wasted, I don't need that much, and would burn ALOT of gas to do it. I can get what I need with a lower fuel usage out of the portable. In power outages, we don't run the genny 24-7, usually on for 2hrs to cool fridges/freezers, cook, and heat up the house, then off for 3-6 hours. Can get house warm enough, and while not 100% comfortable all the time, we can survive fine, and make the fuel supply last much better.
Running this equipment at rated PTO is no issue providing you're attending to the needs of the engine, clean lubricants, clean fuel, clean air, and good cooling equipment. Combines, choppers, sprayers and many other pieces of large scale ag and industrial equipment are operated at full rated RPM all day long with the exception of warm up and cool down times, and those engines get many more hours of hard use that most compact tractors will ever see.