Ok, I would like to learn something. I just went though this with our POI, he was very sure and clear that the statement about "for which the pilot is rated" means if you don't have a PIC type then you can't log PIC time.
That's correct, with some very specific exceptions. As you quoted from the reg, the basic rule is:
A sport, recreational, private, commercial, or airline transport pilot may log pilot in command flight time for flights- When the pilot is the sole manipulator of the controls of an aircraft for which the pilot is rated
If you don't have the rating, whether you are talking about an aircraft that requires a type rating, or single, multi, helicopter, glider, balloon, etc, you can't log PIC based on being the sole manipulator. And, yes, that type rating must be a PIC type rating. (
2013 Morgan Interpretation)
The exceptions?
Soloing
A sport, recreational, private, commercial, or airline transport pilot may log pilot in command flight time for flights- When the pilot is the sole occupant in the aircraft
Special training program (but note its limitations):
A sport, recreational, private, commercial, or airline transport pilot may log pilot in command flight time for flights- When the pilot performs the duties of pilot in command while under the supervision of a qualified pilot in command provided—
(A) The pilot performing the duties of pilot in command holds a commercial or airline transport pilot certificate and aircraft rating that is appropriate to the
category and class of aircraft being flown, if a class rating is appropriate;
[and]
(B) The pilot performing the duties of pilot in command is
undergoing an approved pilot in command training program that includes ground and flight training on [certain areas of operation]; [
and]
(C) The supervising pilot in command holds [a ATP certificate or commercial and CFI certificates with applicable category, class and type ratings; [
and];
(D) [The training is properly endorsed]