It is my understanding that you record whatever you want into your log book but can only use flight time that is considered to be valid by the FAA towards currency or a rating.

Employers and insurance companies are another set of entities that also have flight time valuation systems that can be apart from the FAA. Sometimes they accept flight times that the FAA does not and other times they discard times that are legal towards currency or a rating.

No one is going to be called to the carpet because they logged B200 sic time unless you try to use it where it will not be accepted..

Skyhigh