Original post said indications of 0% rather than no indications so I would tend towards severe damage rather than missing. Coming at this from a logical point, look at what the differences are between the two checklists?
Eng Fail leaves you in a position to relight, severe damage does not. So I would ask myself "from the observed indications would I try to relight this engine" If the answer is no, then there is no harm in completing the evere damage checklist.