I had an old 5.5 kw 240 volt generator with a 240 volt plug that was three prongs only, two hots and ground. I connected it(main breaker to street power off) to a dual pole 20 amp breaker with the two hot wires and then the ground wire to the ground bar in the breaker box that every neutral and ground in the house was connected to and it ran the house just fine.
Now I have a new generator with a 50 amp four prong plug. Two hots, neutral and ground. I am thinking I can switch out the old dual pole 20 amp for a dual pole 50 amp and now that I have four wires instead of three still just hook the two hots (red and black, left and right plug prongs) to the dual pole breaker and neutral and ground (white and green, bottom and top prongs) to the ground bar that every neutral and ground in the house is hooked up to and that should run the whole house, up to generator limits. And yes to the interlock plate that makes sure the main breaker has to be off before you can turn on the dual pole the generator is hooked up to. Anybody see any problems on this setup?