tKf,
To date the only time that I have planned to leave (hit the silk)the aircraft in the event of catastrophic engine failure is mid-Channel!
I currently think that in all other scenarios, I'd ride the aeroplane down and find somewhere to land it.
Golf Courses. An acquaintance of mine perished several years ago (it was in Jo'burg and I can't recall if it was Rand or Grand Central, Rand seems favourite). He had an efato and elected to put it down on the golf course next to the airfield. On the landing roll he ran into the only large tree on the fairway and that was that. RIP Jeremy.
If I were high enough and could set up an aggresive side-slip to allow me a good view down the side of the nose, I might try a golf course, par 5 of course!
Stik