To add a twist, In my day job from time to time I do flight test reports for the Rimmer News (the best bit by far!) the vexed question is what do I log it as? - so far I've logged it as P2 on the basis that if you don't have a type rating in the a/c you can't log P1 but I suppose ther could be an arguement for logging it as P1 U/T dunno it seems to vary In Canada it's treated as a training misson (in fact my Temp Canadian licence says vaild for training in Dash 8s and CRJs operated by Bombardier only) and it's me and a company pilot on the flight. Whereas over here the deal seems to be me in the left, company guy in the right, and second (obviously type rated) guy on the jump.
And then again as P2 does it count towards maintaining multi-currency? Hmm that's an interesting one (fiscally if nothing else).