A wide-speed, ultra-light power generation system is a critical power generation unit structure, often because of its high efficiency and power density. Lightness and reliability are two key design indicators within the system, albeit they could lead to contradictory problems, particularly in systems containing prime movers, batteries, generators, rectifiers, and inverters. Ultra-light generator sets are facing more severe problems and contradictions in designing in terms of matching, coordinating, and stabilizing the components in the systems. This paper describes the system design of a low-cost and high-reliability microgenerator set: a gasoline engine, three-phase permanent magnet synchronous generator, rectifier, and inverter. Moreover, the matching relationship between the four parts and the design effect of each part of the power generation system was analyzed, simulated, and tested to verify the effectiveness and feasibility of the so-designed system.