One thing to keep in mind is that the LC 110v system is not going to run your entire house period! It will run some lights keep the fridge running etc..... but you're not drying any clothes (as it's 220v)and unless you have a very efficient washer, you're not washing clothes. Probably be able to watch TV........ IF you have an aerial antenna, maybe the cable box, but odds are if the power is out, so is the cable.
Most breaker boxes have two busses (both are 110v) and every other breaker is on the "A" buss..... example #1 breaker is on A, #2 breaker is on B, #3 is on A etc......... So being that you're only supplying one buss with 110V, you will have to move some (what you deem as critical) breakers to the powered buss. Now if you keep track of what is turned on and off it is manageable. ie.... if the fridge is running, all the lights are on, you're watching TV and you try the microwave.......... you going to pop the breaker.
The bottom line....... unless you know what you are doing, consult an electrician!