It's not the low time FO's I worry about. It's the low time FO's that are about to upgrade into the left seat. Experience as a CFI teaches you a lot about flying but it teaches you a lot more about decision making. Anyone can fly these things, it's a friggin' computer game. What I worry about is the guy who never flew with anyone whose skill level is lower than theirs. After you've slammed a few 172's down with your pre-solo private student, it helps to recognize the problems your fresh outta IOE FO is going to have.
Anyone can be a regional FO. It's a joke because all you do is sit there and push some buttons. If you have a problem, you just turn to the guy next to you. He's the one whose gonna save your butt when the crosswind is too high, the approach is too hard, the runway is too short, etc. etc. etc. I wouldn't trade my 1400 hours of dual given for anything in the world. It's not so much handling the plane, but the confidence and decision making skills you learn. The true mark of a "low time" pilot is the one who thinks none of that stuff will matter. You can learn it in the right seat of a jet eventually I guess...but you learn it a lot better in the right seat of a Piper Warrior.