Bonza, it is you who have no grasp of what I am writing. I take it you are an Australian who wishes to be employed in major Australian airline. For if you are not then your post makes no sense at all.
For if you are such, unless you are already type rated on the 737, you have one employment choice at the moment. QF.
QF operates 767's and pays it's 767 pilots on the lower end of the world scale.
Whatever way you dress it, AA is a QF airline, which will operate QF 767's on current QF 767 routes.
Opportunists such as sly would seek to undercut the current QF 767 rate for their own short term gain.
Yet if they swallowed their pride and applied to become S/O's (for a start the pay as a -400 SO would probably be higher than the the reduced rate they would accept as an F/O at AA), they would also probably find themselves in the right hand seat of the same AA aircraft within 12-18 months at current promotional rates. And at the current pay, with a career path in mainline QF.
Bonza if you have no interest in QF, fine. But people should be aware of the long term ramifications of their actions.