Jonzarno
MJ has a valid point in the fact that an engine failure is far more likely to occur on takeoff when the engine is stressed and far less likely to fail in the cruise or approach to landing.
Those who regard pulling the chute as a primary engine failure procedure are fooling themselves as the most likely time for them to use the chute for engine failure will be when the aircraft is too low for the chute.
Hence that emphasis on the need to be very current on EFATO !
The very unlikely engine failure at 2000 feet would be more than covered with the EFATO currency thus negating the use of the chute for engine failure to unsuitable for forced landing situations.
For me the chute is another option available to the competent and current pilot in his array of options and not a get out of jail card to cover a lack of basic piloting skills.
Looking through the Cirrus chute pull accident statistics makes you wonder at some of the ludicrous situations where the chute has been pulled and question the competency of the pilots electing to pull the chute in situations where they should not be