There needs to be a fundamental change in the basic handling of EFATO/V1 cut.
1:fly the a/c.
2:400ftagl,announce the failure.
3:1000ft agl,crew cross confirm failure then STOP!
REVIEW!!
Action check list.
Burning holes or wet cockpits happen due to stupid errors mostly via rushed event managing. The key is to slow down and confirm with review.
This whole regulatory sim scenario for IR/PC renewals..base checks hasn't changed since 1975!!!!!!