You are in kind of a grey area. For a typical 1200 hour ASEL pilot I would say go 135...that has a lot more in common with airline operations than 141, and ME time is the key at the entry level. Ideally in today's climate I would say shoot for 300+ ME, that's what is going to be competitive.

Being a 141 CP is kind of fun in some regards, but I can tell you from experience that it will not substitute for ME time as far as regionals are concerned.

Once you get the ME time I think the 141 CP background is a good resume bullet as long as you don't get overconfident. Airline interviewers have a dilemma when confronted with a pompous 172 Sky God...do they just send him home now, or would it be more fun to hire him and let him **** off the guys in the training department?

But since you have already completed 121 training and flown the line a little, it's entirely possible, even likely, that a regional might hire you with the minimum ME time, even though you are below the competitive ME level.

I would look at what regionals you might be interested in and see what their minimum ME time is, sounds like you should meet all the other mins. The safest thing to do would be the 135 gig, but if you really wanted to the 141 thing I don't think that would hurt you, especially if you can MEI on the side or have some other ME opportunity.

But look at the regional ME minimums, if they are all still at 100 you are OK, but if they are publishing 200+ that might be an issue. Also I would not plan on being recalled by CA, there are too many really bad rumors going around now about their future.