Thanks for your comments.
If I were to apply, and if I was successful, I fall between the two camps.
I have approximately 1,500 hours on the B737 300-900, but my rating has expired by some eight years.
So technically I am not currently type-rated, however if I took it upon myself to renew my type rating (at my own expense) then I would be a type-rated pilot able to apply under the different process.
Interesting to learn your views regarding the comparison between easyJet and Ryanair - which is what I imagined the case would be.