I think this question almost sums up for me the great advantage of doing an instrument rating or other advanced instrument training. Even if you never plan to fly an approach in anger, the idea that changes in your altitude, heading or attitude or airspeed should be deliberate is a great thing to strive for IMHO.
And my view on the OP's question, is that unless you have gained too much airspeed and pulling back could really cause a spiral dive or stress the airframe, get back to the altitude.
Last edited by jecuk; 14th September 2012 at 11:09.