Finally, I assume when I do have the time to complete the CPL, I assume the LAPL restriction is just lifted?
A fair assumption however they do not appear to place any limitation on the licence in the first place, making it a nightmare to administer.
Are there many PPL/SEP holders, flying as LAPL-restricted FI's out there?
Has it proved to be beneficial?
There are a few LAPL FIs, but alas no LAPL students to train as yet. So a lot of money spent, with nothing to do with the end product!