Originally Posted by
Boyington
It is not just about what I do myself. It is also imparting the right knowledge to the youngsters. That's the reason I posted the question thinking that I will get clear cut answers.
But, to answer the question. I personally will declare a "MAYDAY" initially, as you could be performance-restricted and need to go anywhere safe to sort yourself out.
Like several suggestions before, you can always downgrade your "MAYDAY" to "PAN PAN" when you have settled down and have everything back to control again.