... Yes, there is a risk, however I suggest that good training techniques, good planning in conducting the sequences and appropriate briefings are all good mitigators against the identified risks. ...
Sorry Triadic, but that is just bollocks.
As training accidents happened on large aircraft at a rate significantly higher compared to line operations simulators became an international requirement many decades ago. Large aircraft training accidents have killed some of the best and brightest training captains and experienced line crews, regardless of their pre-sortie planning and briefings.
Look at the purchase/operating costs of a modern simulator - not really different from the costs of the aircraft it models (and with not much chance to have 300 fare paying bums seated behind the crew). Airlines and regulators know that that enormous expenditure of a new 747 simulator is money better spent than using any company 747 that is between revenue flights to conduct crew training.
Very simple risk management - all large aircraft training in a simulator, no debate, no waivers, no dispensations. If the company can't afford simulator training, then they should not be operating.