I've come across several unemployed modular pilots.
There are more than a few intergrated as well in fact more than a couple of hundred who are currently mailing anybody with an AOC in Europe. In fact the majority of cold applications are with 170-220 hours. Some have even stopped putting the school on and dropped the JOC on them because they are applying to fly a TP. Buts its still obvious where they come from. The CV styles of the schools stick out like a sore thumb.
Most are in the 20-25 year old range 95% plus of them are male. And there is rarely anything which separates them from each other.
It doesn't matter how you train you are getting yourself into a very hard market even if you are on a "tagged scheme" and do brilliantly there are still pit falls. Quite what the Flybe MPL's are going to do is still to be discovered.
You get people asking for advise where ever you go supermarkets at checkouts, bars etc. A lot of the time you think how they hell do they know what you do for a living. You get friends of relatives phoning them to ask if you can "help" with some brat that's had a really some really bad luck etc etc, but he went to the best school in europe. Its not bad luck its just normal. Miss Ryanair and your stuffed.
You can't tell them you wouldn't touch them with a barge pole for another 1000 hours and actually the training they have is completely unsuited to your airlines operation.
To be honest if you don't have the cash in your pocket and can't afford to loose the course price don't train full stop. That's what ever method you choose to do.