I think I'm clear now, but wanted to clarify a point from the last post

- Pilot not flying is acting PIC (required because the pilot flying is
not IMC current) and so logs PIC

Was meant to be posted as a question to the Chief Counsel and not as a
statement of understanding, right?

Acting PIC (not flying) may NOT log PIC, based on what I'm hearing and
reading in other searches... From the following link
(http://www.propilot.com/doc/logging2.html) I snipped a section
regarding this specific situation...

========= Begin Snip ==========
A non-instrument-rated private pilot (but rated in the aircraft
category and class) flies with another private pilot who is instrument
rated, on an IFR flight plan in IMC conditions. The non-IFR pilot
manipulates the flight controls for the entire flight. The IFR pilot
acts as PIC, and is required to be the PIC since he/she is the only
pilot appropriately rated to act as PIC under IFR, but logs no flight
time. Why?
The instrument-rated pilot did not manipulate the flight controls and
is not acting as PIC of an aircraft requiring more than one pilot.

The non-IFR pilot may log PIC time for the entire flight since he/she
was the sole manipulator of the flight controlsof an aircraft for whih
he/she is rated. See legal opinion # 5 for details.

This legal opinion is written to answer a question involving a CFII as
the PIC, but the opinion later states "The other pilot must be the PIC,
....", and does not impose a requirement to hold an instructor
certificate.

Also, see legal opinion # 6 , under "TAB AERO Question # 2" which
further clarifies the fact that a non-rated pilot can manipulate the
controls under IFR.

This represents no change from the old rules.
========= End Snip ==========

Best Regards,
Todd