Maurus
The Great Gazoo
Only in the cases that Jordan brought up. In part 91 if the PIC is single pilot typed there will be no logging of SIC. The OP would only be able to log PIC as the soul manipulator of the flight controls like SteveC said.Sorry don't have links at this time but the FAA has put out an interpretation that says a rated pilot can log SIC even if flying with a PIC with a single pilot type.
Alternating legs would be the best course of action. Insurance shouldn't get mad as the other guy can still be the acting PIC on the flight.
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