It probably depends a lot on where you are at in your career. My airline tanked after ten years there - I handed my printed e-log (with copies of my endorsements included) to them at the interviews, mentioned I had my original paper logs with endorsements and such if they wanted to look. No one wanted anything more than the hardcopy of the e-log.

Coming into your first job or two, I can see them being more interested in seeing your paper logs.

I would do as others have suggested, keep a paper log for training and endorsements. Enter ALL of your flying into your e-log. Scan all endorsements and save them as PDF's. Email copies of these and your e-log backups to a Hotmail (or other such email account, one which holds your messages on the server). You are now somewhat protected against fire, flood, or other disasters which could result in the loss of your paper logs.

Take both your e-log and your paper logs to interviews, offer the e-log first, and the paper log upon request (do let them know it's immediately available). Unless you never make math errors and have flawless penmanship, the e-log is more likely to show the interviewer you are a person who pays close attention to details and cares about the quality of the product he presents.

Just my ever so humble thoughts on the matter...