My electric pump will also keep me in the air should the mechanical one quit. That's the whole reason to have the electric one on for takeoff and landing.
Having a $750,000 plane that is totaled because the $1000 fuel pump craps out is just mind boggling. Guess that's just another reason Cirrus put a chute in, in case something breaks and the backup system isn't capable of carrying the load. What's it got for mags, alternators and batteries? What other single thing can break and require popping the chute?
I wish it was $1000 - having bought a new one, it is actually closer to $8K. I too would like more redundancy in the fuel system but there are 3 reasons why Cirrus did not build it that way:
1) Full mechanical pump failure is exceedingly rare. In fact I was told it has never happened on a SR22 and led to an accident (at least a confirmed failure). Apparently someone in this thread has heard of one case so perhaps it isn't none any more but it is vanishingly rare when you consider that 6000+ of these planes are flying and most of them 200+ hours per year and you NEVER hear of a catastrophic mechanical pump failure
2) Since the electric and mechanical pumps are inline, a bypass would have to be designed in the event that the mech pump locks up and restricts flow, no matter how strong the electric pump is - not impossible, but a consideration
3) Cirrus thought the risk of accidentally turning on high boost in the wrong power regime and flooding the engine (e.g., on short final) outweighed the very few instances where the main pump fails and the electric would save the day. People HAVE died killing a perfectly running engine by flipping on the high boost setting.
Again, I'm in the camp that would like a real backup - with appropriate engineering and safety backups but I don't see it quite as black or white as others here. You may disagree with Cirrus' choice, but they didn't just not think of it, they made a conscious decision.
And, finally, since I mentioned that these pumps very rarely fail and yet also mentioned Ive bought a new mechanical pump for my plane, I should clarify that they do fail sometimes to operate to spec which leads to engine management and performance issues but not outright engine failure. Mine was not able to deliver the fuel pressure spec and fluctuated more than I liked. And, of course, no mechanical system is perfect - just because it tends not to catastrophically fail doesn't mean it absolutely can't.