Sure- like the world should accept pilot discretion for approach minima, MSA, MTOW and should accept company discretion for Flight and Duty times.
Who needs rules?
I was not implying that rules shouldn't exist, rather that pilot discretion should be used to determine if his/her situation constitutes an emergency.
One poster mentioned the peril of a go around from min fuel in a heavy jet, although I'm sure a min fuel go around at a country field in a kingair would be a comparative non event.
Anyway, I'll fetch my coat and get with the rest of the world.