This thread was answered pretty well in all. But some things should also be added to what Isaac said about the different fuel types available. In particular the reasons why diesel is such a good choice for a generator.
To visualize the main reason to go with diesel as your fuel source, you need to look at the equivalent BTU/Gallon between the different fuels.
Natural Gas on average has 75,000 BTU/Gallon or is equivalent to 1.58 US gallons of gasoline (BTU's)
LP Gas has about 84,300 BTU/Gallon or is equivalent to 1.35 US gallons of gasoline (BTU's)
Gasoline on average (between the summer blends and winter blends) has about 114,000 BTU/Gallon
#2 Diesel on the other hand has 129,500 BTU/Gallon.
The above, combined with how well diesel fuel stores, makes the arguments for other fuel types over diesel a hard sell. If you look at the modern "tri-fuel" generators, you'll see that the information above is reflected in the 3 different KW ratings of those types of generators...the lowest rating being run on Natural Gas.
Given those two options, I would go with the MEP-003, it has more reserve capacity and will power the entire house where a 5KW unit will only power some lights and maybe the fridge.
i have a couple 002s and their tough as nails have good voltage regulation and use .54 gph of fuel not bad if you ask me 78db at 25 ft.. mine can power 3 ac units a 14,000 and 2 6,500 a freezer and fridg. never going beyond 65% load. if you live in close quarters then you might consider a 4 pole gas unit their quiet and cheap. the 003 uses 1.1 gph and would power you central ac or heat. just my two cents.
I have to agree with jbk on this point, the 5 KW 002a will run a lot more than just a few lights and a fridge. Just doing the math for the lighting alone 5000 watts equates to over 80 regular 60 watt light bulbs....how many lights do you have in your house???? Plus that is a military rated 5 KW, so you're good to use the FULL 5000 watts 24 hours/day 7 days a week
Starting current is where your civilian units will fail you. A MEP 003, although rated conservatively at 10KW, with a realistic output of around 14KW will start upwards of 20KW. Show me a comparable civilian unit with a 100% reserve starting capacity.
It is not enough to take into consideration only your running load when sizing a generator unless you are running all resistive loads.
I had my 003 hooked up to the house in the summer, with the central A/C on, three fridge/freezers, two window air units, the 2 ton A/C unit in my shop with all of it's lights on and it never even burped when I threw the breaker. It cycled from 25% to about 50%.
rat is definitely right about this point, the military sets are very under-rated as compared to a civilian set. Although I would argue that the starting capacity of the MEP 002a or 003a would be closer to about 300% of the full load rating of the set (15 KW and 30 KW starting capacity). I say this for a few reasons, one the leads coming out of the generator head are way larger than they need to be, and are even much larger than a comparable civi generator, so they can handle the starting current. Also, the starting capability of a generator lies as much in the wiring of the head as does the HP of the motor driving it; because the starting load is in reality only there for a fraction of a second, and typically the wiring can handle a short surge like that and still be fine. Your motor on the other hand, is different. If you try to start too large of a load with a generator that will not handle it, then you simply will stall the motor. Where the MEP-002 and 003 have this beat is in the rotating mass as mentioned in an earlier post and in the very conservative HP rating that the military gave these motors. As a rule of thumb, you need 2 HP per KW of generating capacity. I believe the equivalent civilian Onan generator to the MEP-003 is a 12.5 KW. Using the rule I just mentioned, that means about 25HP. Now, the MEP-003 doesn't really have a direct civilian equivalent, due to the fact that the 12.5 KW Onan has a 3.25" bore in the cylinders, where the MEP-003a has a 3.5" bore. This means more fuel/air mixture, and more HP...so taking all of that into account, I would give the starting capacity rating of the military sets a little higher than what rat4spd does.