Good decision for a go around. Low VI's on a non precision approach with both pilots looking for the runway
You do that at MDA. If you can’t see it you go-around. If you lose sight of it later on, you go-around. What you don’t do is carry on lower and lower *hoping* to see something: many have died doing this, which is why we have minima.
It would be interesting to know what guidance the PF was following before they went around that got them in the position they ended up in...