The truth shall set us free. Thus which ever version of the Bible we use we must apply at lest this one test - Does the truth advocated by this version set me free? or does it justify a life of sin?
Isaiah
8:20 To the law and to the testimony: if they speak not according to this word, [it is] because [there is] no light in them.
1 John
4:1 Beloved, believe not every spirit, but try the spirits whether they are of God: because many false prophets are gone out into the world.
If the version we choose to use supports the truth as it is in Jesus then we can rest assured. But if it obscures or contradicts the truth then we must reject that particular passage in favor of one that agrees with what we know to be true. It may not be necessary to reject the entire translation, but at least those texts which deviate from the truth.
In this sense we are using inductive reasoning to judge whether or not a particular version is valid or not. But with the truth are already clearly revealed and known it is the only safe way to discern between accurate and inaccurate versions. The SOP in this regard is indespenseable.