If not burning, much better to get some altitude -- then consider options while the heart rate and adrenalin level are getting back to normal.
A few months ago, a local glider pilot had a side opening canopy come unlatched early on tow. He released at 500' and attempted a no spoiler landing on a downslope runway while holding the canopy closed. He had to groundloop to avoid the fence and wrote off the glider.
Had he continued the tow to 2000' he could have chosen an upslope field. There were standing hay crops that would have prevented him hitting a fence.
Not much relevance to a twin, except that altitude gives you options, including discussing them on the radio, and think time.
Bottom Line: An immediate hurried landing is much less likely to succeed than one that's planned to an adequate runway or field.