I advise turning cross-wind whilst reducing to best glide speed. Because then you've got 3 options:
1. If very high, look upwind for a suitable highkey point;
2. If around 2000ft agl, look downwind for a lowkey point;
3. If very low, look to turn into wind and fly the final approach
Priorities are to fly the ac and survive. Titting about with endless checklists, stumbly MAYDAY calls and debating what to do with the wobbly prop lever are largely an utter waste of time - as are esoteric 'wotif' postulations.
Only when you're absolutely sure of making a suitable landing ground should you carry out the checks. Once you've done that, give a brief MAYDAY, telling them who, where and what's happening. Then squawk 7700 and turn the radio off to stop ATC pestering you when you're busy.