Generative recommendation represents each item with a sequence of discrete Semantic IDs (SIDs) and predicts the sequence to retrieve the next item. Typical systems use multi-level residual quantization, which increases autoregressive decoding cost and creates a large hierarchical space that may be sparsely occupied. Static codebooks also become misaligned with current traffic as new items arrive and exposure distributions change. We propose a single-level large semantic codebook that replaces multiple residual semantic codes with one semantic token while retaining a separate collaborative disambiguation token to reduce item collisions. We further introduce an exposure-aware dynamic update mechanism based on temporal weight decay, exponential moving-average center updates, and an exposure-weighted penalty on SID changes. We also develop an offline evaluation framework covering representation quality, code utilization, cluster load, full-SID collision, and temporal stability. On two public datasets, the two-level SID improves mean Recall@10 by 5.0%-8.8% and mean NDCG@10 by 4.1%-5.1% for OneRec-V1, and by 7.1%-8.7% and 3.8%-8.5%, respectively, for OneRec-V2. Dynamic updating provides further gains on KuaiRec. Across three serving architectures, the shorter SID reduces estimated autoregressive-decoding FLOPs by 47.93%-48.70% and increases single-card QPS by 28.57%-47.0%. A five-day online A/B test serving 2.5% of production traffic improves the primary consumption metric by 0.792%.

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