But if you ground both sides of the pipe ět is now in parallel with your ground and 100% bare
And the insulated ground is not and still protected from corrosion/damage.
Sometimes I feel like if I answer any more questions it is like someone trying to climb over a fence to jump off a bridge and me giving them a boost.
Answers based on the 2008 & 2011 NEC. If you're on the '14 already I feel sorry for you.