Since the regulatory requirement is to prepare for an EF at V1 minus an eyeblink, you can always reduce the engine to idle and then follow a safe EO routing (which may or may not be specifically laid out).
The OP's question is perfectly fine, it's the applicability of the answers where caution needs to be applied.
My take is also to follow the EFP where published unless the crew can ascertain a safe outcome with better margins by doing something else. The initial, full-power altitude gain would open a whole colouring book of options at most places.
How do you decide? It's the F/O's bright knowledge and lucidity combined with captain's gut and situational awareness.
Last edited by FlightDetent; 18th August 2021 at 18:26.