There are certainly times when I would pull a chute
1 - over water
2 - over a forest
3 - over a solid cloud layer, believed to have a low bottom
4 - over the middle of the Pyrenees
5 - severe icing with no "descent to warm air" escape route, due to terrain
Except for 1. (which has a viable escape route: a life raft) one spends relatively little time in these places, without being able to glide somewhere.
In the context of a twin, you have the SE ceiling, which on most light twins is at a level which would suprise most people... if they want to e.g. cross mountains at FL180. Obviously the glide ratio is a lot better even then than the -1000fpm you can expect in the typical SE but there might be scenarios where a chute might be pulled. Especially given that twins have no max Vs figure for certification (60kt for SE).
OTOH ISTM that most twins that come down have either empty tanks, or the (multiple) tanks have been mismanaged, and carrying a 50-100kg BRS chute to cover that is not really good risk management