SR22 makes a valid point that if you are doing this and your competitor is not they have strong incentive to turn you in. These would be the first guys to turn in someone else in for operating a 134 and a half operation. Besides they seem to think it is legal. I do not know which is worse; a professional pilot knowing its illegal and doing it anyway or a professional pilot not knowing its illegal
I would be interested to find out if/when any pilots have been violated for this. If they haven't yet, I have a feeling some will be with the FAA being pushed to take a look a hard look at fatigue by the NTSB. Has anyone watched how ugly the hearings are getting?
I do have a major problem with one pilot pushing another pilot into illegal operations by threatening their employment. That has got to be one of the most unethical things I have ever heard of in aviation. How would you like it if your boss told you to break the law and risk ruining your career or be fired. Pretty much the same thing isn't it.
I would also recommend that any pilot being pushed like this to consider the new pilot records reporting rules. It is alot easier to find a new job than it is to find a new career. Checkride failures are now a major issue for hiring due to the increase in oversight requirements (extra line checks etc.....) Imagine the backlash from a willful FAR violation on your record.
If you are actually fired for this, I would contact a lawyer and go sit at the beach while they pay you your salary for nothing.