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2. Instigating a go around from 400 ft agl in a small light is no big deal.
It is more of a deal if you have a faster aircraft breathing up your @r$e, so close to you that it is the reason for you going around. As I asked previously what would happen if it had to go-around as well? Hardly an ideal situation.
I am afraid
it is not a big deal, irrespective of whether there is an aircraft behind you or not. This kind of alarmist nonsense does not help. In the scenario you describe, the following aircraft and ATC will take care of separation.
You will find as you graduate through your flight training, this is an everyday event.
The Wombat