I am confused by IO504's post.
It would appear that the present application of rules in fact encourages pilots to switch their aircraft from G to N reg, thus enabling them to exercise their FAA IR in full. Or is there something I have missed?
Another conclusion I am reaching is that getting an FAA IR is a waste of money and time if you intend to stick with G reg. Am I correct?
Lastly did anyone ever get a definitive answer as to the usability of an FAA IR in a G reg in any other European countries?