Buzzlightyear,
I would like to add that in general, the overreaction to chip lights may have cost as many problems as those that are for good cause.
Horror stories aside, the statistics show that most lights are caused by small stuff, and true failures are not imminent. This means that one should follow the RFM, but try to deal with the landing as cooly as possible, and without undue reaction to that darn yellow light that seems to be getting brighter.
For every helicopter-falling-apart-gonna-die story are scores where the plug is cleaned off and the aircraft goes back into service for hundreds of hours.
As pilots, we are tested by our ability to behave as if everything is just fine when we want to be anywhere but in the machine!