Sorry to say it, but no, under the new regs your renewal in a light twin (say, Baron) wont cover you for anything that requires a type rating (including the Metros over 5700kg, B350, B1900 etc).
So, cant do a renewal in a little baby Metro and fly a big Metro, nor can you do a renewal in a B200 and fly a B350.
Make sense? Not to me. Glad I wont be the one paying for all these extra requirements Part 61 will put on industry, I just feel sorry for those that have to shell out.
Didn't someone once say that what we can do now, we can do after the new rules come out?