No suitable field ahead, you CAN make a low level turn if you have full power as we had. ONce we had turned 180 we could have dumoed it in the paddock easily, but chose to carry on about 100 yeards and dump it on the airstrip.
FingersR, you will find (I think) that the C152 flaps now only go the 30 degrees and apparently this is the reason!! I've since heard anecdotally that this is an "Old" problem, however its not written down anywhere I have found yet.
One bloke confidently said "Yeah I know about the problem so when doing a short field go around or touch and go, I check flaps are moving before applying full power".
A Boeing driver has said that Boeing go around speeds are calculated assuming flaps are full down and won't come up.
I guess the lesson is that if your aircraft won't fly on full flaps and you use them, then if something breakes or jams, you are committed to land.