This comes up often, the short answer is yes for light loads, but it really depends on your tractors pto horsepower in relation to the gennys out put. If you had a 100hp tractor and a 10 kw gen, then you could probably draw the full 10 kw off the gen at the lower engine r's. But if you have a 14 pto hp machine and a 7 kw gen, you would not be able to draw much off the genny at lower r's due to well due to many factors but the main one being you need that full 2 hp per kw and to get and keep the gen in the sweet/safe spot as far as volts/HZ output goes. This is not the best description as to why not but I'm having trouble putting in an easy explanation, others will be able to.
Definitely the # 1 PTO generator question/Issue.
Whoever told you the that 2nd speed pto option was for "over seas" should get the Bozo of the year award and should not be selling tractors.