First of all I would like to draw attention to widen scope. Risk mitigation of EFATO is probability and severity, so high degree of attention is to be spent mostly for the second.
Yes, the 5 list does cover a great number of fatalities reasons and I often find myself shaking head when reading accident reports, but, being a pilot means also to do mistakes, frequently. The beauty is to do only the once not killing you.
In our current world of full-insurance-coverage thinking it may appear archaic to be aware of death, but this also make part of the soul of a pilot (in contrast to a flying bus driver). So what is all that excitement about? I do a fatal mistake, I die, so what? The only thing to take care of is to not hurt somebody else upon doing so.