..and you still perform your V1 Engine cuts in the sim every 6 months and all the other recurrent checks that you’ve repeatedly been tested on since God knows when and yet engine reliabilities are unbelievable high today. Yet for example LOC whilst fortunately still a rare event is nevertheless more deadly than your V1 Engine failures.
If you break down the elements of knowledge, skills and behaviours inherent in your "V1 cuts" (better performed IMC just off the ground!) and forget about what is causing the roll, yaw, deceleration etc, you are practising one form of LOC training, Those KSBs are easily extended to higher altitude cases where the initiating event can be a variety of things.
It is about knowing attitudes, thrust settings, trim positions, escape routes, limitations and consequences, while understanding control harmony and the benefits of smoothness, accuracy, confidence, self-control, discipline, coordination, leadership, etc. You may well do a lot for yourself if you stop thinking of these things as box-ticking and instead consider them as foundations to become a pilot rather than than an automation puppet.