If you have 200 hours, surely you could just convert those to a UK licence, complete the ATPL theory, obtain a CPL/ME/IR and JOC, all for less than a third of the price Easyjet/L-3 are charging?
If Easyjet were taking the financial risk, it might be worth going for it but unfortunately they are not. There's a thread in the Professional Pilot Training part of the Wannabes forum about CTC with a PPL you may wish to take a look at. It does involve a Whitetail student but nontheless worth a read.
A suit would be a good idea.