CS Op Civvie Qualification

Is it worth the paper it's written on?
Is it advantageous in any form of civilian employment?
has it helped anyone at all secure a job?
The Telecommunications Professional level 3 qualification that the corps offers, is it just a waste of time?

Anything that proves you haven't monged it in life is an advantage in a job interview. However if you are aiming at a £100K a year job it might not cut the mustard.
Depends entirely on what job you want to do. I wouldn't go fighting Alan Sugar for control of Amstrad.

Top it up with something else with resettlement and it could be good to have.

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