Our Twin Squirrel (355N) lost an engine over Hong Kong this afternoon with 5 POB. Pilot shut it down just as it was about to fail (torque split, chip light, oil loss, smoke, etc). It's always nice to have the option of shutting an engine down when something goes wrong rather than just hoping the chip light, fire light or whatever is a false alarm and sweating on the engine to keep going long enough to get you on the ground.