Sweepy, my current T has a Ph.D. She's been practicing since 2005 (and she's only 30!!!). Anyways... my T and I get along great. She's very relaxed with me, open, honest, caring, understanding, etc. I do not feel like she over-analyzes me. I feel like she truly accepts me for me and where I am at.
I know that some people think a higher degree gives them more knowledge. That is not true. In the end, the degree really doesn't make a difference (and honestly neither does the type of therapy). What matters more than anything else is YOUR relationship with the T and if you find the therapy beneficial. The rest doesn't matter beside people having their own opinions.
I have had good and bad experiences with T's who have a Ph.D. I had only good experiences with LCSW but only because I really only remember one with that degree. I even had a T with a Ph.D. tell me I was smarter than her and to NEVER view myself as less than someone because I don't have a degree. My current T is 1yr younger than me, but even she views me as smarter than her (but not in the psychological field

) My advice is to really concentrate on the relationship and if the T is providing you what you need.