Sorry, but you are mistaken.
A SWCG (salt water chlorine generator, note the word chlorine in the name) is in effect a small chlorine plant in the pool plumbing. It creates the same chlorine you get from a bottle of liquid chlorine thru a chemical process. Inside the SWCG electricity and the metal plates turn the salt into chlorine and that chlorine as it is used up in teh pool is turned back into salt. It's a loop, salt to chlorine, chlorine to salt.
As to the taste, that is a very personal matter. But, how many SWCG pools have you been in? If you tasted the salt in one I'm going to bet the pool owner was one of those folks who though if a little salt works well, more is better. If you think about it, the ocean salt can be measured at about 35,000ppm while a SWCG pool is about 3,500. The average swimming pool that is chlorinated by liquid easily gets to about 1,000-1,500ppm salt because liquid chlorine adds salt to the water.
Now, on to the filter. First, I won't fight anyone over their choice of filter. You are correct, a DE filter filters much smaller particles than a sand filter. But, we find that in a pool maintained using our "system" particles that small are seldom present in the water. Should you need to filter to that level you can follow these instructions to use DE in a sand filter -
Pool School - Add DE to a Sand Filter
DE powder is an inhalation hazard and has been classified as a carcinogen by the State of California (OK, I admit almost everything has been classified that way in California) and following these trends some jurisdictions are enacting ordinances regarding backwash water from DE filters. Thousands (millions?) of people use them and they have their proponents. I just feel the possible risks and need to disassemble them at times to clean them are issues I don't want to deal with.
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But, following that thought a 50,000 gallon pool is going to require massive amounts of liquid chlorine.