They used to tell a story about Ron Hardy, BMIs much respected chief pilot, who always did his checks with the most junior instructor in the fleet.
Not sure about you, but that story doesn't do anything to impress me. Sounds more like a deliberate attempt to get one over on a junior instructor.
Most modern aircraft will fly away safely after an engine failure with no control inputs provided there's sufficient excess power and they're not grossly out of trim (used to be a sales technique on the A320 series).. Whether they'll clear the mountain in the distance is a totally different question.