Your first concern must be the best way to conserve the life of you and your passenger.............pulling the chute - this is the option that will give you the best chance of retaining your life.
No it isn't.
My best option is to find out why the engine has failed and restart it.
My second best option is to make a glide approach to a nearby airport.
MY third best option is to make a glide approach to a suitable landing site in a large field, such as the one that the subject of the OP finally ended up in.
If, at around 1000' none of the above options are available, only then would I even consider giving up all control over the outcome and resorting to a BRS.
MJ