Pilotmike
"What you have overlooked is that all your arguments about the speed of return on investment clearly favour modular, both for the speed of training, and the fact that it will cost considerably less".
It seems as though you are arguing with everone for the sake of arguing! If you read what I wrote you would see that I agree with you and generally favour modular, although there are pros and cons for both, I was simply trying to present a balanced argument. You are right, it is considerably cheaper to do modular, and I too, like you, completed my JAA training in a similar time frame of about 10 months.
The general thesis of my argument was actually nothing to do with ROI etc. What I was saying was that for me, modualar was better because I want a lot more than just flying. But both have pros and cos!!