I think there is sound justification for flying with a low cloud base with a chute
And hence the problem and the stigma attached to cirrus pilots.
"The idiot shouldn't have been there in the first place to have to even pull the chute"
The main issue isn't the engine failures in the cruise as far as I can see. It engine failure on departure which the chute is cock all use for.
The issue is the inability to fly the plane and the inability to carry out perfectly normal pilots dutys such as straight and level in cloud and setting off with enough oil in.