Since you made a comment about Cummins I'm assuming this is a high speed diesel up to about 4MW? A really good answer requires a bit more information about what exactly you're trying to do.
As far as I know, CAT, Cummins, Kohler, and most other genset manufacturers don't offer redundant AVR's as an option. I done a few systems on diesel engine driven units, in the 2-4MW range with redundant DECS200 AVR's. That regulator had an external tracking feature that allowed the "standby" AVR to be ready, while the Basler system worked pretty good, it was not "bumpless". I have not done a redundant system with the newer DECS250 but it appears the tracking and setup are the same.
Before you finalize your specification, think about what you're asking for. In reality very few modern AVR's just fail, the bulk of the failures I see are due to some other problem, usually in the generator. PMG, exciter and rotating rectifier problems seem most prevelant, rotor problems seem to be a repetative cause on older machines. Actually one of the most common failure modes I see on newer AVR's if the field output failing if the field circuit is opened under load.
On one site that had redundant AVR's (multiple 4MW units at a military installation), the primary AVR failed, switched to the backup and it failed, the unit finally tripping on Loss of Field. The actual root cause was several wires on the rotating rectifier assembly had come loose in operation (poor repair job). What was interesting was the voltage disruption that occured during the initial AVR failure, the backup AVR trying to recover the unit and then its failure. The consulting engineers reviewing the fault and impact to the system felt it may have been better to have just had the unit trip when the first AVR failed.
Also, in my own experience on "smaller" generator sets, redundant AVR systems are mostly PIA, they add a large amount of complexity to the excitation control that frankly over the years I never saw any real benefit to.
If you were doing a critical large turbine generator then the cost and complexity of a redundant AVR system may make a good case, just can see it making any real benefit of a modern standby generator.
My 2 cents, MikeL.