Having graduated from a Counseling Psych masters program, I would agree that many people on the counseling track seemed to feel that clinical folks are more pathologizing and tended to view people "in a bubble" as opposed to taking culture, environment, etc. into consideration. And, I would agree that my friends and supervisors with clinical training seemed to think that counseling people are a little less research-oriented and that the degree generally carried a little less weight. I don't really agree with the broad assumptions of either side, and I think that the differences between the degrees might only really matter if you were holding a clinical degree and working with only counseling psychologists, or vice versa. But even then, I think the slight differences in training/background could be seen as assets in a working or academic environment. So, anyway, this is my long-winded way of saying that I think that any perceived differences in the quality of training, marketability, and reputation of the two degrees are highly debatable (obviously!). Personally, I have no reservations applying to both kinds of programs, and will be thrilled to call myself a psychologist either way!