there is a danger in finding a shortcut and having the shortcut kill you instead of the fire.
fly the plane
follow the checklist
advise atc ,get their input BUT you make the decision.
advise f/a's/pax
and land.
now, if you are in a concorde situation in which the plane's wing is actually burning off...land anywhere and evacuate.
chances are this is more to see if you will CRACK and screw up something else...and yes the engine will probably fall off eventually...