As far as I can see it depends on which company you are applying to. Delta likes a well-rounded pilot with diverse experience, good college records, service and leadership. Delta seems willing to overlook some things that other airlines put a lot of emphasis on (Turbine PIC for example) as long as you show experience and success in other areas.

Southwest needs that turbine PIC and I am unfamiliar with other airline cultures. Do research on each airline you apply to. A "one size fits all" application doesn't work too well in this industry.