Dude, I'm just going to change your emplasis:
Originally Posted by
The Dude Abides
61.51 (f) Logging second-in-command flight time. A person may log second-in-command time only for that flight time during which that person:
(1) Is qualified in accordance with the second-in-command requirements of §61.55 of this part, and occupies a crewmember station in an aircraft that [B]requires more than one pilot by the aircraft's type certificate; or
(2) Holds the appropriate category, class, and instrument rating (if an instrument rating is required for the flight) for the aircraft being flown, and more than one pilot is required under the type certification of the aircraft or the regulations under which the flight is being conducted.
About 20 years of FAA Chief Counsel interpretations make it clear that for logging PIC and SIC purposes, the safety pilot required under 91.109 make flight under the hood with a safety pilot a flight in which "more than one pilot is required under the regulations under which the flight is being conducted."