I don't think it's that bad. Quite similar to you're MEIR initial or renewal, but with an emphasis on CRM. As long as you're prepared you should be fine. The main draw back of not having a simulator is we don't get a chance to do refresher training like other airlines, and it's straight into the check, that's the bit that can catch you out. Although as you say, we are flying the aeroplane everyday, it would definitely be preferable to do checks in the sim. A good example is having to deal with the ridiculous amounts of traffic at Hamilton while handling an emergency. In a real emergency you would not have to worry about sequencing number four to the katana etc.
I certainly wouldn't let this put you off applying, just make sure you put in the hard yards when you get there, and ask for help if you need it. Of course, sometimes you just have a bad day on a check, and there's not much you can do about that.
Good luck
