Some thoughts, if I may ?
(a) OEI, the landing climb case is not a useful option. That is to say, you need a commit point in mind for when the wheels are down and landing flap is taken. One of the reasons most opt for a reduced landing flap configuration OEI, distance permitting.
(b) for an intended return to the departure aerodrome, one would expect that weight is reduced appropriately prior to landing for other than significant emergency situations.
(c) in a significant emergency, command perogative comes into play, following which the Monday morning armchair critics will be frothing at the mouth should the outcome not be comfortable.
(d) I'd rather follow the engine failure procedure for the applicable runway. Not quite as easy at that. A better option is for the operator to schedule defensible approach go around procedures for difficult aerodromes/runways.