Dear Patto,
I do agree with your views to a certain degree, but you must also consider that the bond carries interest which will be added from the day you start the contract.
I do understand that you won't be paying when you don't work but you still have to pay the bond amount back in 5 years, so if you are not working that's ok only if the bond is interest free.
I hope this makes sense and if you can pay the bond quickly then do so, or you will have to pay alot in 5 years.
One more question, SPA only have 6 737's in their fleet and they've got 20 guys in the pipeline for LT, that tells me they will be laying off F/O's in order to fly you guys on line. But the main question is what will happen once you've got your 500 hrs, because there's already a queue behind you.
These days you have to think commercially, such as how long will you be sitting in the RHS and how much it is going to cost you. Those days of flying with respect are over.
Please do keep us updated as my views could be totally wrong.