'Down you go' is true *however* you don't tend to do it after rolling inverted & spearing in, which is an unfortunately common theme in light piston twins. Of the two, s/e failures that result in a crash tend to be more survivable.
I wish I had kept CASA's discussion paper when puplic transport SETO was first mooted. As I recall the risk was similar or better for the s/e turbine because, even though a forced landing was nearly guaranteed, they had virtually none of the loss of control related prangs experienced by the twins AND the likelyhood of a failure was much less.
Does anyone still have a copy of that paper? It doesn't seem to be available online at CASA, only selected quotes in the follow on documents in the reg. reform process.