Also, like Saab said, it is PIC for both pilots. But don't try to log it as something other than SP, it's too obvious and professional pilot recruiters will spot that in a flash. Most are OK with SP time...what you lose in stick-and-rudder time, you gain in crew coordination/CRM, which lowtimers don't have a lot of anyway.

skywest used to be real strict about this. They took 20 hours away from a bud of mine for safety pilot time. luckily he still had the hours to qualify but they didn't like seeing two multi guys just flying around. they may have changed their tone since they cant hire enough pilots right now.