Fair enough, let me present this to you. Look in the owners manuals of small engine including Generac and you will may the something to effect that this engine is certified to be in EPA air quality compliance for Z number of hours. After that it may or may not be (my comment).
You may also see life expectancy of the engine in hours. What you say is true using the manufacturers specified viscosity will keep the engine in service for at least that long but you may be able to use a better lubricant to extend the life of that engine many times over.
That is only in your best interest not the manufacturers, in fact its totally against theirs. Before I got my diesel generator I had a Generac that ran 14 days straight only shutting down for refuel and oil change and my mothers 21 days with an oil change every 4 days (100 hrs).
That sort of service is far beyond what these units were intended for.
My moms got 500 hrs on it without enough of a break to cool down. A lot of generators started to fail during the aftermath of that storm, lots of them had just the oil in them that came in the machine other got a mid stream oil change with whatever was going in their car.
These 2 units had no problems, in fact when i looked down the cylinders the cross hatch marks were clearly visible and the valve adjustment was spot on which means there was no measurable cam or lifter/rocker arm wear.
The point is these kind of events can happen almost without warning and the unit pressed into extreme severe service at any time.
This is the storm that killed a lot of generators.
http://www.cbsnews.com/news/ice-storm-cuts-power-throughout-northeast/