Respect to you guys who have to put your jobs on the line, from time to time. I am neither pilot nor ex-military, but I have a point of view which supports your position. Many years ago I used to work with an engineer whose skills and work ethic I greatly respected. He was an ex-RAF Weapons Electronics Officer in the Vulcan, at a time when some of his electronics included a very large bomb indeed.
He explained that on occasion things would go wrong, his panel would light up red and every breaker in the place would trip. He had been taught and his experience had shown the truth of the teaching, that ones first action in those circumstances, was to "sit on your hands."
I have never been in the sort of situation to which you refer, but I have never forgotten his phrase and in difficult situations you may be sure it is not I who confuses action with progress.
Sit on your hands is terribly good advice for giving your brain time to make the right decision, not just 'a decision'.
Roger.