But as you have said your decision isn't based on it you have the CAP or not. So my statement still stands. If having the CAP changes your flight profile or if it even takes place its a bad thing. If it makes no difference what's so ever its a good thing.
I don't think that is quite the case.
As I said the risk of an engine failure in a certified well maintained single is diminishingly small. There are plenty of people who accept the odds, and I dont think they are unreasonable, given that you are also equally unlikely to kill yourself in the forced landing that follows.
However the odds of a successful forced landing with a low cloud base for example are skewed. I think there is sound justification for flying with a low cloud base with a chute.