Is the competency based instrument rating(CBIR) a quicker and cheaper way to get IR
 

If you already hold an IR(R) previously known as IMC rating ,or have significant experience.Then is a the CBIR a cheaper and quicker alternative than a full from scratch IR course to obtain the same qualification?I understand that if you've done ATPL theory or additional modules then you can also use it on "high performance aircraft" hpa.So would it be valid for airlines? the last is the one I'm getting a whole range of mixed messages on.

Thanks.

This is the route I plan on.

You can use your IR(R) and accumulated IFR flying hours towards it. You then do the CBIR training and take the skills test, how long it takes to get to that level will determine how long it takes and how much it costs I suppose. I am currently looking into ways to make my IFR hour building as beneficial as possible for this reason.

If you have the ATPL exams then it is an IR no different to any other.

The answer to the question is "Yes"

At our school we have a Frasca 142 that can be used for a very reasonable price. Also a few IRIs and an IRE on staff. The way some of our students are going about their professional training, is to get the IFR hours in the aircraft while hour-building post IR(R), and absolutely hammer the sim on all the procedures... so when they come around to training "down the road" at the ATOs with the approved sims, and are paying £200/hr, they shouldn't need to go above minimum hours training.

So if hold an IR(R), will you only have to complete 40 hours as part of the full IR/ME course as opposed to 55 hours?