I have to agree with Bealzebub, that if your aim is to get airline placement, the odds are heavily improved if you use CTC compared to many other options!
If you choose not to take one of these integrated options, your alternatives are getting a lucky break with Ryanair or most likely buying hours on type, which most likely will get you where you want at similar cost as the integrated course will get you, maybe even for a bit less!
No doubt, anybody who could get in on the BA scheme, would have the best possible career for life, considering the future of and T/C's at BA are probably some of the best in the world, long term!
Having said that, I know of loads of guys the last 12 months, who have got jobs flying nice shiny jets, who have all gone modular. Pay is not the best, however it gives you the experience you need to be able to develop and improve your career!
I don't really agree with the CTC concept, however if I was going to give somebody advice what they should do, for sure such a cadet scheme for BA would get a thumbs up, as the other options when going modular are extremely unreliable, and end of the day requires you spending heaps of cash on renewing licences, paying for your own TR etc.