Pace, how does the SEP being a Cirrus help at all? It may actually hinder, given now no crash attenuation under the chute due to a crushing undercarriage.
Not Pace, but that isn't right. There have been several (I think six) successful chute pulls over water and no serious injuries. Here's just one example:
This was a trans-Pacific ferry flight on which a valve on one of the ferry tanks jammed. As you can see, the pilot was unharmed.