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My safety pilot is endorsed for complex, and will be PIC for the entire flight. I would also log PIC for the time I spend under the hood.

I will eventually get my complex endorsement, but insurance is much cheaper if I have time in type, so in the long run it will be cheaper for me to build time in type and work towards my instrument rating at the same time.

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Yes. You can, as long as you have the appropriate rating and are the sole manipulator of controls. From a FAA response to a similar question:

... a private pilot may log pilot-in-command time, in a complex or high performance airplane, for those portions of the flight when he or she is the sole manipulator of the controls because the aircraft being operated is single-engine land and the private pilot holds a single-engine land rating.

... 14 CFR section 61.31 requires a person to have an endorsement from an authorized instructor before he or she may act as pilot in command of certain aircraft (a complex airplane, a high performance airplane, a pressurized airplane capable of operating at high altitudes, or a tailwheel airplane). These endorsements are not required to log pilot-in-command time under 14 CFR section 61.51(e). (emphasis mine)

Excerpt from §61.51 Pilot logbooks:

(e) Logging pilot-in-command flight time.

(1) A sport, recreational, private, commercial, or airline transport pilot may log pilot in command flight time for flights-

(iv) 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

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Yes.

You can log actual and simulated instrument time while being the sole manipulator of the controls without the complex endorsement.

See FAR 61.51.

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  • $\begingroup$ A link to the relevant article may be helpful as well as a quote of the relevant part. $\endgroup$ – DeltaLima Dec 27 '15 at 1:32

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