In my own experience, mainly from the Southern California area, is that in the size range mentioned I think diesel is by far more reliable and cost effective.
I worked for an engine dealer for a number of years, at one time we had nearly 1000 standby generators under CSA's. Even though natural gas and propane units made up a fairly small percentage of the population, they had a larger number of failures and problems. I don't think a lower knowledge level was the issue since we had a large number of larger natural gas and some propane units in prime power and cogeneration service, and we serviced competitors units as well. We also did a fairly large number of NG pump units for irrigation, with far fewer problems than similar units in standby service.
Some issues from my experience,
SI engines suffered more problems from running at no or low loads, included plug fouling, fuel system problems and failures to start when commanded.
Found a large number of propane units had failed to start, either during regular testing or during an outage. Root cause, tank was empty. Hopefully fuel tank level monitoring has improved since then, but it was a big problem.
Propane vaporizers seemed to be problematic, one of our most frequent reasons for service call.
The governing systems provided, especially on auto-derived engines, seemed problematic, poor control of speed/Hz and erratic droop response, probably due to low cost. Hopefully newer engines use electronic governing or better mechanical governors. If it seems nit picky, most standby customers I dealt with wanted "utility like performance" from the cheapest standby they could buy.
I worked the aftermath of both the Northride and Oakland earthquakes, and a number of fires over the years, I'll second OldFieldGuys comment about diesel fuel in the back of a truck. Seen a propane tank during a wildfire? You may also be able to find someone from LA County Watewater to tell you about a small number of spectacular "launching" of pump houses that housed propane engine powered pumps. After that I was told they no longer considered propane as a suitable standby fuel.
Yup, diesel fuel does degrade during storage, seems the newer fuels do it faster, likely due to the fact that the sulphur probably helped combat biological growth and older fuels had lower levels of light ends. I would bet anyone can make a better case for one over the other based on his perspective.
But I think a small diesel, especially under the current HP limit for emissions regulations, with a simple robust fuel injection system and solid governing is going to be hard to beat for shear reliability. And I can't imagine anyone who buys the size units we are discussing is going to spend much on maintaining the units to assure most reliable operation.
my 2 cents worth.
Mike L.