One of the things I believe has been missed is the snap decision which a pilot makes when an EFATO is identified. I has to be the right one, whether to land ahead or turn back. It is getting this right or wrong, which will dictate the outcome of the event, when the aircraft comes back to earth.
Sadly I believe that many people will make the decision based upon their relationship with the aeroplane.
Military and commercial flyers will perhaps be better at balancing a decision between sacrificing the aircraft and saving the occupants. That may apply to club pilots too (unless they have signed up to a big excess). However, make the pilot a private owner who is not only paying for the aeroplane, but also dearly loves it and there is a far greater chance that the decision will be biased towards saving the aircraft (based upon getting it back to the runway or their maintenance facility) rather than making a truely rational assessment of the situation.
I would be interested to hear from others whether they think that their relationship with their flying machine could colour their decision making capability in such a situation?