All sim training focuses on doing it properly, and in good time: climb straight ahead, handle the immediate emergency, continue, retract flaps no turning, then think about returning on one, with a very long downwind leg to fly. I agree an early return is needed, but I'm not sure you have that long. Maybe an 80 degree low altitude course reversal/land back on reciprocal, on one engine might be pushing one's luck a bit, but I think there is a case for training: 'get this sucker back on the ground as soon as possible- no! That's too long!'. In other words, a very rapid, immediate low level emergency circuit. Perhaps even briefing before take-off whether another cross runway is even quicker. But we are not trained to even think like that, and do it in the sim and you will be hammered. But I would far rather get back on terra-firma and hand it to beefy firemen than try and heroically deal with it in the air, then land.