I simulated EFATO at 200 feet on various aircraft on FSX to see what happened. Invariably they nose dived into the ground about half way through the steep turn- all except for the Cessna 152 and the Piper Cub, both of which made it back to the runway. One could also put in two stages of flap during the steep turn and then get rid of them when straightening out (as in a canyon box turn).
Not sure if this has any significance - I don't think I'll rely on FSX programming accuracy or lack of it to determine my fate! Believe me I would not try it on a real aircraft unless at a good height. I would hardly think it would need to be 1500 feet aal though.
Now to Google Earth to find my landing ahead options at my home airfield....
hmmm - spoilt for choice on 22 - need to watch out for the mast though. 04 the M25 is a factor.