To stir the pot a little. I have both tickets but happen to know a lot of people out there are flying on FAA tickets on N reg, fair enough, but also EI/G reg while getting paid. Can we get paid for private flying? The FAR says no.
Some of us jump through all the hoops others don't bother, are the CAA/IAA interested in stopping it, no! Will the FAA check N reg aircraft outside the US very rarely.
Why bother doing it right?
Lunar.