Ash767,
Your "sendout" or "handout" resume shouldn't be more than 1 or 2 pages. I include Personal Details, Flying Experience, Summary of Work Experience, and Principal Referees.
An employer basically wants to easily see your flying experience so give a good breakdown - aircraft flown (maybe show hours on the relevant types), endorsements, ratings, etc. The most annoying thing is when an applicant either hides his/her hours, or worse, doesn't even state them. From my experience those ones go straight in the bin - they're not going to waste their time calling to find out if that person is suitable or not.
I keep my full resume with educational background, certificates, etc for the interview.