If your management requires regurgitation of all that verbiage word for word, it's not a company I would want to work for. But if I were forced to do it, what I would do is regurgitate what they want, then when faced with the situation in the cockpit, do whatever I had to do to stay alive and uninjured first, and keep the aircraft in as good condition as possible second, using my emergency authority as captain. If I reduce collective at any point in the flight, emergency or not, that's nobody's business but my own, as Kay Starr et al once sang. In a single-pilot BK, who's going to know, anyway?