The known CEPA variants CEPA (v) withv = 0,1,2,3 and two new ones withv = 4, 5 are compared both formally and for various numerical examples with CP-MET. The main conclusions are: 1. In those situations where both CP-MET and the CEPA variants are justified (i.e. for “good” closed shell states) the correlation energies obtained with the 7 different schemes differ very little (by something like ±2%), with CEPA (1) closest to CP-MET (difference usually a fraction of 1%) and CEPA (4) nearly as close; this is rather insensitive to whether one uses canonical or localized orbitals. Even CEPA (3) is not too far from CP-MET, which confirms an earlier suggestion of Kelly. 2. In those cases where one of the 7 schemes fails (e.g. due to near degeneracy as in covalent molecules at large internuclear distances) the other 6 usually fail as well, though CEPA (0) is then somewhat poorer than the other schemes. Then no longer CEPA (1) but rather CEPA (3) is closest to CP-MET and then all schemes converge much better in a localized representation. 3. CEPA (2) usually leads to best agreement with experiment since it simulates to some extent triple substitutions. In none of the studied examples does CP-MET show a significant superiority as compared to the other schemes. Possible improvements to extend the domain of applicability of these methods are discussed.