The wind turbine generator participates in the primary frequency regulation of the power system by releasing kinetic energy from the rotor. It is necessary to ensure that the rotor speed and converter capacity are within the safe range during the frequency regulation process; otherwise, it will have serious negative effects on the frequency stability of the power system. As an important primary frequency regulation parameter, the dead zone affects the evaluation of the frequency regulation ability of WTG. Therefore, the influence of the dead zone should also be further considered. In order to evaluate the frequency regulation capability of wind turbine generators more comprehensively and accurately, this paper proposes an optimized method for the parameter of virtual synchronous control for wind turbine generators by considering the dead zone and physical constraint boundary of primary frequency regulation. After establishing the time domain expression by considering the frequency regulation dead zone, the real-time frequency regulation capacity of the wind turbine generator is quantified by considering the speed limit of the rotor and the capacity limit of the converter. Furthermore, the optimal value of the frequency regulation coefficient can be derived. Simulation results show that the proposed method can effectively reduce the frequency deviation and frequency change rate of the power system, which can also keep the response within the physical constraint boundary. Consequently, the proposed method can fully utilize the ability for frequency regulation of the wind power generation system and effectively improve the frequency stability of the power system.