I would have to disagree that the inspection is inferior to a C of A.
So you do a full strip down inspection taking several weeks, as per a CofA renewal? No, of-course you don't.
The lower cost of flying a PtF aeroplane is in large part because we don't have to do all this extra work, but the lack of that also is a big part of the reason that your MCR01 can't be used in a flying school.
G