Mike, I missed that point earlier, and "I Get It" now.  That actually makes a lot more sense.  I was scratching my head in how 240V worked with my previous understanding.
Going full circle here......
Given my particular situation, If I energized both hot leads in the 240V receptacle in the garage, that would make my entire panel straight 120V, right?  As long as all my "other" 240V breakers remain "off", it seems I would do no harm.  This way I can selectively turn on the 120V furnace breaker, 120V fridge breaker, and maybe another 120V creature comfort breaker anywhere inside the panel.  I would be limited only to what the PC Onan 4000 can output.  If I over-load the generator, it would simply trip it's safety mechanism as it has been known to do when running the PC a/c unit, microwave oven, and coffee maker in unison.
Right?
Ron, sorry for a late response--had to run to Tulsa today so was away from the computer until this evening.
There are a lot of posted questions that I don't try to address on the forum, but when I do address one (such as 2 Lucky's original post), I feel an obligation to stay in the conversation to the extent I can contribute as long as any questions keep coming.  I also feel obligated to try to answer technical issues accurately and straightforward--with my very best knowledge and understanding.
It is obvious that both DonC13 and JATRAX have very strong advice that this particular modification and approach should be avoided.  I have read many, many of their posts over the years and respect both of them greatly.  I have already said, but will say again, that they are absolutely correct that the whole back-feed approach is not code compliant, and any non-code modifications are inherently risky, because the whole purpose of the NFPA 70 National Electrical Code is to eliminate danger and risk from electrical work.  So my response is not to argue or debate the advice they have given, but simply to answer the question you asked as accurately as I can based on how electricity works.
If you energize both hot leads in the 240 volt receptacle in your garage, the 120 volt potential will back-feed from your receptacle on BOTH hot wires that connect through your 50-amp breaker to EACH side of the main panel in your wall.  The two separate "hot" copper or aluminum busses in your main panel--that normally each carry 120 volts 
out of phase with each other--will now each be energized with the same single phase of 120 volt electricity that your generator is providing.  Since those two busses in your panel are necessarily isolated and insulated from each other, they essentially then function like two independent busses receiving the same input.  Electrically, this condition in itself does not present a problem.
The potential problems ensue with the external connections into or out of the main panel.  You already understand that if the panel 200 amp mains are not disconnected, the panel can then back-feed and electrify the lines coming into your home; in addition, if external power is suddenly restored, you then have two separate sources of electricity feeding your panel----it is critical that both circumstances be avoided by always keeping the mains open.
The other issue is with all of the breaker-fed circuits to various places in your home.  Since every 120 volt breaker accesses only one side of the panel, both busses being energized do not affect that 120 volt circuit.  It simply picks up the 120 volts from it's respective bus just the same as it would if a proper 240 volt source was feeding the panel.  In the case of the proper 240 volt source, roughly half the 120 volt breakers would be on a different phase than the other half, but they don't know that--they just see 120 volts.
The potential problem is with the 240 volt breakers (except for your receptacle breaker through which you're back-feeding).  The other 240 volt breakers are now energized from both busses---just like they would be from a 240 volt source, EXCEPT those two busses are NOT at different phases, and they do NOT now equal 240 volts across the two hot wires coming out of your 240 breakers to your appliances.  That, again, is a critical condition that you absolutely cannot allow to exist.  That is why it would be just as crucial (in the case of this type hook-up) that ALL of your 240 volt breakers be kept OFF.  As long as the breaker is OFF, the fact that the input to the breaker is incorrect shouldn't be an issue---the two individual circuits through each 240 volt breaker are necessarily isolated and insulated from each other, just like the busses are.  If the breaker is switched OFF, there is nowhere for the improper 120 volt potential to go; it simply sits there on the input terminal of the breaker.
There is really no difference here from your necessary action if you were only energizing one side of your wall receptacle with your generator-----since each 240 volt breaker would have power on one lead and not the other, you would still want to keep all of your 240 volt breakers switched OFF, to prevent only 120 volt power from being provided on a single leg of the feed to your 240 volt appliance.
As a last comment I will repeat what I previously said about this:  I've never had occasion to personally use this particular approach----but I see no reason why it won't function as described.  That is not a recommendation, it's just the technical answer.
Mike