I have seen Ts since I was a little girl (I am in my mind-30s now) and I have always seen Ph.Ds. I am seeing two Ts right now and a pdoc. My CBT T is a Ph.D...he's a great T, although I have found CBT to be only so helpful to me. My psychodynamic T is a LCSW/MSW; I am not so sure of his approach (whether it works well enough for me) but I don't think that has to do with his degree...I think it's just him. I loathe switching Ts though, so if it doesn't work out with him, I have already lined up another psychodynamic T that I met with once before who has a Ph.D.
I have very little use for my pdoc...he just tries to medicate me but only spends 15 minutes or so with me each appt. Since everything he has given me has either made me sick or not worked, I don't think he has much use for me either!