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If the sponsor has revenue sharing and pay per sign up, you should always try both, 1 week of traffic for each.
Depending on the program, you'll want to do this before any re-billing takes place to mess up your results or campaign them if possible.
That should give you a clearer answer on at least what is being signed up. Old timers will tell you they're still getting re-bills from 2000 and so forth, but eh.
Revenue sharing has never worked for my traffic... I am too impatient to wait for it to "compound" so that goes against me.
Short answer, no I don't think they're all always honest, but as others have mentioned it's based on factors to get a higher % anyhow.
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