I'm late to this conversation, and having only read the last few pages I think that there may be a few factors being missed.
The approach has circling minima, not because you are going around to land on 33 but because of the steep decent gradient. The FAA won't call it "Straight in" unless it meets criteria for both alignment and decent path.
For you guys who think you are going to circle in the valley, be aware that the airport kindly asks that you limit yourself to 20 degrees bank angle, and not you fly over town. (this is on their operations page)
A few years back, I had extra G550 sim time, and tried the LOC 15 circle 33 with 15 kt tailwind and 12,000 overcast, and I couldn't do it while remaining within the protected area, not flying over town, not exceeding 20 bank, and not getting the sink rate or bank angle EGPWS warnings. Perhaps you could do it given enough time to plot it out, but as a operational maneuver, forget about it in a 550.
FR
Last edited by FrankR; 8th Feb 2014 at 16:23.