Engine Fire on short final
A while back I checked out on a new plane. During training, I was given an engine fire while within about 1 or two minutes of landing with the runway in sight. I continued the approach with the intention of dealing with it on the ground. At about 200 feet, we had to go around as the sim instructor said there was traffic on the runway so we went around and shut down the engine.
During the debrief, the instructor said that I should have gone around right away and dealt with the fire in the air because the manufacturer designed the aircraft to be able to deal with an engine fire and there would almost certainly be passenger injuries if we landed and then evacuated.
Any opinions on what others might do?