I received an agonised pm the other week from a contributor to these forums who had just had his application for CPL issue rejected by PLD, partly on the grounds of insufficient PIC time. All of the club checkouts that he had logged as PIC had been disallowed.
You may put anything in your personal logbook, provided that it includes the minimum requirements of the ANO, but that does not mean that the CAA will necessarily accept it for licence issue.