To my mind, most people here are simply arguing for SOPs to be changed.
If the rules say you go around, then you go around. If you disagree with this and can provide good reasons, then argue for a change to the SOPs.
But we do not have the freedom to pick and choose which we comply with and which we don't.
I can see the point of those who say "If I'm good VMC, can see for miles, got the ground, got the airfield, then why go around?". Yes, on the surface of it, having a brief think, applying "common sense" and continuing may appear to be be logical.
However, as has been said many times, the action on the part of the pilot needs to be instantaneous in many GPWS situations. There should be no "Errr - can I see enough? Am I where I think I am? Is that alti set correctly? What does his say over there?" because most of the time by then you'd be dead.
Common sense, for me, says react instantaneously, and go around. When you're safely out of the way of whatever bit of ground might have been wanting to share the same bit of physical space as you, consult with the other guy. Check your position with ATC if you want. Check the map hasn't shifted. Check your altis. "Blimey, mate, we've checked everything, so the machine must be wrong. We were exactly where I thought we were. OK, let's do it again, and if it goes off again I'll disregard and we can snag it when on the ground. OK?"
Training in a delay in a reaction to GPWS is about as dangerous as you can get.