Thanks for the info. After the valuable input here and a lot of research, I think I am going to wire the inverter after the switches altogether, in passthrough mode. I will use a Victron 230v Inverter tied to a Victron Autotransformer and wire that right to the AC panel. the Shore/Gen switch will feed the inverter, the inverter will feed the autotransformer, and the autotransformer will feed the AC panel. It limits me to 50A (at 240v) but our generator maxes out at 70A (240v) and we have only blown the 50A dock breaker once since we have had the boat, and I think my wife had everything on when that happened. 4 AC, Stove, Dishwasher (water heater probably kicked on).
The advantage of this is that I basically can just wire it in. No extra switches, just a 50A circuit breaker feeding the Inverter. I can use shore or gen as usual (up to 50A). And, I can use the UPS feature so that when there are power outages at the boat while I am not there, the inverter takes over (I don't leave things like AC on when I leave the boat). I can also have the generator automatically start when the inverter gets low. I can even have (limited) 240v.
As far as wiring it in, I simply bring the current feed into the AC panel, down to a 50A breaker in the generator room, to the inverter, to the auto transformer and then back up to the AC panel. I'll mount the inverter remote control next to the generator remote control at the helm.
Cost (of both the inverter and transformer) is only a few hundred more than the Magnum 4024, which was also a consideration. Unfortunately, the Magnum topped out at 30A, while the Victron 230v unit went up to 50A.
Note: There is a software option that changes the Victron from 230V/50Hz to 240v/60Hz.
I will go with the 24v system and 4 x 200AH (12v) (Renogy). I thought about the 12v system, because I also have all my electronics and network on 12v, but then realized that the Victron had a second charging port for starter batteries. So I will keep my 12v batteries for the generator starter/electronics and charge them via the Victron.
Also, maybe the autotransformer will step up 208v to 240, if I come across such a dock? I don't know, I didn't actually look into that. It just came to my mind. (Edit: I looked into this, that is not its function).
I still need to study the grounding requirements for this.