Hi Micro,
The previous authority that I used to work under allowed ZFT (zero flight time) type ratings however it was a condition of the alleviation that the line training on the actual aircraft had to be commenced within, I think 10days, of the ZFT sim session and had to be completed with a Base Training Captain. So, whilst you would have satisfied the licencing requirements you would not have satisfied the airline`s AOC requirements.
( Schedule 9 versus Schedule 11 )