What if there were only 1 generation of fermions? The number of fermion generations has many effects beyond the mere existence of "3 copies of fermions," including determining scatterings, constraining CP violation, influencing electroweak symmetry breaking, contributing to anomalous magnetic moments, and influencing baryogenesis.
How would the universe differ if there were only 1 generation of fermions, assuming no other standard model couplings changed?  (Meaning the electron, 1-neutrino, up, & down Yukawa couplings; the CKM & PMNS phases; $g_1$, $g_2$, & $g_3$; the QCD vacuum angle; and the Higgs $\lambda$ & $\mu$ stay the same.)
Specifically, how would observed particle properties and interaction amplitudes change?  And how would those changes affect baryon asymmetry and nucleosynthesis?
 A: As @Qmechanic points out, there is an impossible breadth to the question. I'll try to address the 500lb gorilla in the room first (1), however, at the level of qualitative differences in the fundamental physics. Then outline quantitative ones (2) due to quantum loop effects. You are meant to apply these to particle cosmogenesis (3), which is more open-ended and conjectural, and, properly speaking, "applied physics" based on (1) and (2). All of the answers below are already in your PDG booklet, properly read.


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*There is only one neutrino species, so the mass eigenstate coincides with the "flavor" one, partnered to the electron — proceed to cut down your cosmological neutrino background in (3) to just it, and redo all your 
fermion-species-counting arguments for one generation instead of 3. As you pointed out, the Z and W will be  substantially narrower, for lack of the   missing  fermion  decay channels. Still, the most important novelty here (justly rewarded by the KM Nobel prize) is that now there is no CP violation driven by fermion mixing. This is so because there is no physical (non-absorbable) fermion phases, neither in the quark, nor in the neutrino sector, Dirac or Majorana. Any conjectured phases are absorbable in the definitions of the fields. This, of course, presents problems for the cosmological baryon asymmetry in (3), where you have to seek novel CP-violating mechanisms, possibly based on multi-Higgsery.

*All other higher generation fermions beyond the neutrinos above are weakly unstable, so they mostly affect the quantitative features of fundamental physics through their virtual contributions to loop corrections. So, typically, verify that the QCD β function  is now more negative 
than the one of our 3-generation  world. Verify that, the 2-flavor  β is larger in magnitude than the 5-flavor such  by (6/23)=26%, so scaling will start at lower energies for a fixed nucleon mass. Of course, the missing fermions will provide corrections to all quantities, including QED ones, like the magnetic moments of leptons, etc... 

*Apply these to particle cosmology where you affect the thermodynamics and the species-counting processes involved, and crucially, you need to introduce a novel CP violating mechanism, and you have a broad array of different worlds, an issue outranging any thinkable  sensible scope of this question.

