You are right
I apply the 1000 rule. If by then you haven't done everything (including GA considerations and landing distance) then go around.
I have practiced it a few times in the sim and I had it in real life long time ago.
Knowing that you can rely on VLS makes it very simple. Just fly VFE next -5 and move the lever until 3, then VAPP, then GPWS, then calculate VMAX-10 for GA accel.
If the failure occurs early (at conf 1 selection) there is plenty of time. If it occurs later, there is less time, but also the problem is milder.
but i agree with you. If there is plenty of fuel, I don't have the drill so '"fresh", it is IMC, etc... there is no reason not to take some time and make sure everything is OK and double checked before shooting the approach.