Some common sense,
One of the most important critical decision you are ever going to take is an aborted T/O.
The final decision/action on any important matter that is time critical is with the Captain, hence he should be in a position to do so.
All other situations are covered by the fact that the F/O should be able to fly.
Every set of SOP that respect these principles or OK.
And as a final remark, the less the differance in set up of the SOP between a normal and non-normal situation the more efficient the non-normal will be handeled.
When non-normals start to look like normal you are fully in control.
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Smooth Trimmer