SASless,
As far as I am aware, there were no engine chip warning system in the cockpit the aircraft that went in the UK - that was my point, it was becuase of that incident that a warning system was installed in the cockpit.
I would agree - blindly following the EOPs is not good, but the first phase of an emergency is diagnosis and confirm indications. Then you can act accordingly, using the appropriate page of the EOPs.