Please educate me here:
Is the perceived issue with generators potentially having too variable voltage output or too variable frequency output or both? Or is it with AC RF noise?
Nearly all modern consumer grade electronics run on DC with an AC/DC converter. My understanding is there are one or more capacitors after the rectifier in the wallwart or power supply that perform a smoothing/regulating function for both. The rectifier also negates frequency fluctuations. In addition, the stepdown transformer in the same unit by it's nature reduces voltage output variability by a factor equal to the voltage stepdown. For example if you have a 10:1 stepdown transformer reducing 120v to 12v it always reduces by a factor of 10 -so 125v input yields 12.5v output, 115v input gives 11.5v output, etc. Typically electronics are designed to run at a fairly large range of input voltages -a 12v unit may work at 8-15v for example
So I'm trying to understand if this is a legitimate current issue given modern DC electronics and power supplies or a carry-over from older lower technology times, especially with hearing from many here that it's been working fine for them?
The problem with "dirty power" is that it comes in all sorts of flavors, and whether it is a problem depends on what is being powered. So, yes, you can fry lots of modern electronics and motors with "dirty power", but the "who, what, when, where" will differ. In general, motors care a lot about voltage and harmonics, semiconductors (digital) care about RF/EMI "noise", voltage, voltage spikes, and harmonics.
Most power supplies have some amount of filtering on the AC line to keep the power supply noise from leaking back out, but that is mostly focused on leaking out, not coming in. The internal design of modern power supplies is a lot more complicated than what you describe. Pretty much since the 80s, there have been microcontrollers to regulate the power by switching large transistors (MOSFETS/IGBTs) at high frequency to make DC (or AC for pure sine wave). Lots of fine tuning to make the voltage very stable.
Generator power controls, other than inverter types, are much, much simpler, but even so, most modern ones have pretty sophisticated voltage regulators, and it can be very productive to upgrade an older generator with a higher quality regulator.
Does that help?
All the best,
Peter