Well at least one discussion says they do not make 3 phase power. They make this:
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I don't know if this is correct?
I've dug into this myself.
I went so far as to build a digital system to analyze the voltage, current, phase relationships and noise coming from my rotary phase converter. For the technically minded, that involved A/D conversion of both voltage and current of all three phases, oversampled, and used FFT's to get accurate data.
A simple rotary phase converter can produce accurate 3 phase power for one unchanging (static) load. The problem arises in that there are three possible complex loads (in electrical engineering speak, impedances), one across each phase. An "impedance" has a resistive load value, which changes the magnitude of the voltage/current relationship, and a phase angle, which changes the offset of the sinusoid (angle) between voltage and current, also known as power factor. So two values per phase, times three phases, six values that have to all be "right" to get "perfect" three phase. I say perfect because even grid 3 phase isn't mathematically perfect. The problem is loads change, and a simple three phase converter doesn't have a way to compensate. Typically with a RPC you measure the voltage/current produced at a "typical" load and try to tune it to that load. My goal with a digital system was initially to dynamically analyze the load and "tune" it on the fly. That kind of tuning is similar to what VFD's do. I might get back to that at some point, for now I log the performance of the system, sampled IIRC, 16 times per cycle of each current and voltage wave.
One thing that makes it simpler is if the load on all three phases change similarly (or identically). A three phase motor does pretty much present identical loads to all three phases, which is why RPC's work OK (but not "perfect) for motors but not for general three phase power where you may have some single phase loads scattered across the phases. The utility supplied phase is pretty stable (which is why you want to use it for the control circuitry on your machine), but loads on that phase can still have effects the generated leg. (I'm using the terminology that a "phase" is between two wires, a leg is one wire).
Three phase motors are not particulary fussy customers, so they do OK, with less than perfect three phase, although there is some loss of performance (power) and increased heating in the motor. For most machine shop uses this doesn't matter, machines are not running at 100% of rated capacity continously so there is enough margin to cover the lack of perfect 3 phase.
That's about the best I can do as a hand waving explanation. Otherwise you fall into "here is the mathematical model". Which is how engineering would cover it. I'm retired, so I don't do that anymore