Berksflyer has me about right.
In the boom time an Integrated route can land you quickly in an airline job and is therefore worth it. It gets you into the industry quickly before the bust comes.
In the bust time a Modular route can keep you out of more debt and keep your income alive. It allows you to string out or pause your training allowing you to finish it just as the bust time ends.
In this business timing and luck are cruel cruel masters of your destiny.
WWW