DC-ATE,
I've been in an airplane when the flaps were raised by mistake, and believe me that "sinking" feeling is one you do NOT want to feel in an airplane close to the ground. And we were at take-off power. We did not hit the ground, but the 'pucker' factor was something else !!
Which aircraft and what do you mean by 'raised'?
if one is ever faced with this situation again in the future, I hope they will NOT raise the flaps to try and gain a little extra distance.
Not the conclusion of the accident report.
On the big jets I've flown the go-around procedure is:
Max thrust
Flap 20 (thats TWO notches up from the land setting of 30 and is executed IMMEDIATELY)
Never noticed any 'sink'.