stilton where is it mandated that one lands ASAP after an engine failure in a twin? The Australian CAO even gives approval to overfly the nearest suitable, provided consideration is given to several factors, terrain and performance being just two of them.
I'm not advocating flying hundreds of miles on one engine only as a routine matter. But, unless there were contrary indications, I'd have no problem holding in close vicinity to the aerodrome and waiting until < MLW.
If landing ASAP is so high a priority, should I land on a road or salt lake if hundreds of miles from a suitable aerodrome?
The last down to the ground QRH i used was on the DH8. For several abnormals it did say land ASAP. But for an engine fire, or an engine failure, and they were different entries, it said land at the nearest suitable.