I'd rather fly with a general dumbarse who knows the rule and regs, has noticably good flying skills and demonstrates a sound command judgement when in control of an aircraft rather than some diploma-waving person who can't fly for sh!t.
You'll get people who can and cannot fly well whether they have done the "bush" road or the "uni" road. It is the individual to a large extent- the best teacher won't be able to educate someone who doesn't particularly want to learn!
But to categorically state that a "uni" taught pilot will be better just because they did the diploma/degree/whatever, then that is simply wrong. Vice versa.
Me, non-uni. But i thought about it, decided it wasnt for me (I just wanted to go and fly ASAP!)