Verticalhold,
You're quite right and I totally agree with you, that's why I said '...you better have some very good reasons for your actions'.
Good decision by you to reject in that instance,
this is where experience comes into it's own, the less experienced may have continued with disastrous results. Personally, I'd rather miss the runway completely and live to argue the case than have a MRB fall to pieces downwind, however, rejecting and running out of runway following an alternator failure or a drop in engine oil pressure may be a little more difficult to explain.