You're absolutely right, however, our company procedure is to continue straight ahead, and if we're busy, all you'll hear is "MAYDAY MAYDAY MAYDAY XXXX01 engine failure, continuing straight ahead, standby." This is what we're trained to do and on that dark day, many will do exactly that.
And I can guarantee you alot of our guys would continue further than 1500'. Our figures clear us beyond that, to 30nm to be exact. So like I said, a potential hazard here!