I would prefer to be given an orbit than a go around if I’m paying for the aircraft. Come to think of it. I’d rather be given an orbit than a go around if I’m being paid to fly an aircraft! Would rather have the fuel for a more significant situation, should one develop. The OP could still had gone around if he’d deemed it unsafe.
If anything, it sounds like the controller had a lapse in SA but resolved it before it became significant. We are all grown ups, after all... Right you are though, back to the TV...