Years ago I owned a Datsun which probably had the same type of carburator as you're talking about (I think it was just called an "SU" carb). I remember it having oil in it, but I have no idea why.
I also don't know what that thing about the generator is (or even the difference between a generator and an alternator).
I'm going to try to learn though, since my 18 year old just bought himself a 56 year old Volkswagen that I need to help him keep alive.
The awesome thing is that the internet is here to help people figure out anything they could ever need to figure out. And it's always at their fingertips, and for the most part is completely free!
Back when I was his age and owned the Datsun, there was no such thing as the internet. I had a Haynes and a Chilton's book, and that was about it. Not everything could be figured out by reading those. That's probably one of the biggest reasons I could never get it running very good and eventually gave up on it and had to sell it.
Those SU carburators were the bane of my existence. It had 2 of them, and if they both weren't exactly dialed in just right it would run like crap, which it did for most of the time that I had it.