the correct code reference is 467.2.8.1, and I agree with the answer.
NEC 700.4 allows an alternative power system to supply emergency circuits, legally required standby, and optional standby circuits where the source has adequate capacity. NFPA has regrouped type 1 and 2 emergency electrical systems now as type 1. They have reclassified type 3 as the new type 2. This all revolves around how critical the load is. The NEC does not classify generators, just the type of loads. This is an OSHA or design engineer question. I would not be surprised if a new type 2 generator (old type 3) would not be acceptable for a new type 1 load.
I am good with Dougs answer.