60,
The basic failing of Emergency Checklists is that sometimes the failure does not show up in the list even if it is correctly identified.
Anyone that immediately reaches for the ECL before ensuring they are flying the aircraft and have decided upon exactly what that means....including who is driving, where the destination is, and how they are going to get there....running down items on a checklist is not that hurried a task.
The new Army concept makes far more sense than what was known as the "Dipped Shoulder Method" where one of the Pilots upon seeing a Master Caution Light immediately reached for the ECL which easily led to mistakes as crews hurried through the procedures.