You may have the voltage, but what are the Hz doing?
What kind of lights are you running? I would think incadescents wouldn't flicker. LEDs may need a seperate driver. Fluros are notorious for it, even on mains supply.
If I have it the right way round in my head, on my miller genset, you set Hz by RPM and voltage with a resistor to the control circuit.
Is the gen head de-coupled, can you change the pulley/drive ratio?
You could put capacitors across the output to smooth it.
The other thing (when we were wiring fluros in a 3 phase shop) was to run the lights on alternate phases so that they "overlap" and provide a reasonably constant illumination. Not sure how you'd go about that with your set up.
Mihit, Thanks for getting back, I appreciate your help but I'm afraid my knowledge is limited. The lights I use are mostly incandescent. The fluctuating cycles I understand would be caused by fluctuating engine RPM? My belts seem tight enough, but to test that I thought I'd use some "belt dressing" and if the cycles stay steady I will adjust the position of the generator. I would think if the engine RPM was fluctuating I'd be able the hear it, maybe not?? Anyway I cant seem to find my stick of belt dressing at the moment and the local Napa's "belt dressing" is to stop "squeaks" not give the belt a better grip. I certainly could be wrong about what belt dressing is suppose to do though.