Captain
Final Approach
You are forgetting WHY we log flight time. Read 14 CFR 61.51(a) for the only resons why we log flight time according to the FAA.
Sec. 61.51 — Pilot logbooks.
(a) Training time and aeronautical experience. Each person must document and record the following time in a manner acceptable to the Administrator:
(1) Training and aeronautical experience used to meet the requirements for a certificate, rating, or flight review of this part.
(2) The aeronautical experience required for meeting the recent flight experience requirements of this part.
This is why airlines typically have a different definition of "PIC" time on their applications. Their goal is different from the FAA's when it comes to reporting flight time.
I'm not forgetting. 61.51 doesn't apply to me so I just sorta look at the words that make up PIC and apply that meaning.
Whatever, this debate will go forever until the FAA makes a rule that makes sense or gets rid of one that doesn't.