The SR22 that went in near Hoxton Park had an issue with the rocket head deployment and as such would have had the chute wrapped around the tail regardless of airspeed and altitude. An AD was raised shortly after for all CAPS systems.
If you've got it, use it, particularly if you know you can't land safely. A 22 would need a solid 300 metres for a deadstick to be successful.
It's the descent rate that would hurt, rumoured to be 2,500fpm!
I wonder if an AD will come out on the IO550 after this one! Was thinking those twin turbos and 215 tas would be a good thing.