As I said, the generator seemed to perform better in the summer with a lot of A/C load and no resistive heat load, so maybe, as some of you have mentioned, I really had it loaded up quite a bit more now. That could be part of the problem, but wouldn't truly explain why the 40D couldn't keep up. Note that the generator has a 50amp (or maybe it's 60) breaker so if I was approaching maximum for the generator, I would have thought that would have tripped. I never should have gotten to the point of overloading the 40D. I do think I may nonetheless be loading it pretty heavy, so if the governor leaves something to be desired, maybe this could be it.
My fuel filter has been in for many years, but I get extremely clean fuel without ever any particulate or parafin and I've never had any fuel-related problems, so I'm not thinking that would be it but it would be any easy thing to change I guess. Tractor had plenty of time to come up to operating temperature and the the temp outside was about 20 F.
Up to now, I've always felt the governor was working, at least to some degree, because as heavy loads like the A/C or refrigerator were added, I'd see a small torquing of the generator on it's carry-all and everything would keep right on humming. Maybe the heater loads, since they come on and stay, are creating a more cumulative effect. Unfortuneately, I didn't measure the load current, but will now.
I have a Fluke 41 power quality monitor which gives me highly accurate readings of voltage, (and yes current - which I didn't use) frequency and harmonic distortion and also a very nice waveform LCD display. As I saw the frequency and voltage drop, I did increase the throttle, but really didn't pay enough attention to the actual RPMs. I did note that it appears that I didn't ever need to position the throttle to the point of getting the "540" to come one and if I did, the voltage would be about 135v and frequency at 63-65 hz with a light load. Obviously, as I loaded it up, I'd see both readings drop significantly.
I'm still leaning toward poor governor performance. Rick, I don't know what the "throttle linkage friction disc" is, so if ANYONE has a picture or page from the manual that would be helpful.
I'm still convinced that the PTO generator is the way to go (plenty of power and no additional engine to maintain) and I'm sure I'll figure this out. I just wish I had more time to play with it but when you're just trying to get power to the house, you tend to focus on what keeps it going and not on testing what might stop it. I really wish however I would have simply looked to see if as I was adding load, did I always move the throttle to a new position, and get the same RPMs/frequency/voltage, or not? I think that would have pretty much confirmed the tractor was not keeping up (which I already believe to be the case) and then I could have focused on what might cause that. Oh well, I guess I'll have to simulate the outage and put all the loads back on the generator before warm weather arrives. Thanks again everyone and if you have further thoughts, please send them my way.