Here's John Deakin's take on this, in Pelican's Perch #19:
"My pet peeve in climbs is using too low an airspeed. One famous training organization insists on using 95 knots to 1,000 feet AGL in a Bonanza, most of the twin operators push for a climb at or near the blue line, and virtually all the transport operators use a V2+10 climb with all engines operating. I think it’s stupid to climb that slowly in any airplane (including jets, just so I offend everyone here!)
once actual obstacles are cleared.
95 knots in a Bonanza runs the engine temperatures up. Yes, they
may remain within limits, but why get any hotter than necessary? Additionally, the nose will be so high you simply cannot see where you’re going – you’re blind to traffic that may very well be in your path. Finally, I firmly believe that if a total engine failure occurs at 95 knots in a Bonanza below a few hundred feet, most pilots will stall before they can get the nose down enough to maintain flying speed. If they just happen to succeed at that, they will probably end up so slow and descending so steeply that there isn’t enough energy left to flare. A crash, and an ugly one, is all but inevitable. At such low speeds, with the usual nose-high attitude, a recovery from an engine failure is very nearly an acrobatic maneuver, and not one pilot in a thousand has practiced it with any realism. It’s a
bad deal.
For this reason, I prefer to see a very early shift to a higher climb speed once
real obstacles are cleared. In the absence of
real obstacles, I set up a gradual climb right from liftoff, pulling the gear up as soon as I am well clear of the ground (Oh, boy, I’m gonna get mail on that one! Hmm, might be a good subject for a column?) In the Bonanza, I accelerate to about 120 knots, reaching that speed by the time I’m at 100 feet AGL, or 200 AGL. This gives much better cooling, much better visibility, and makes the engine-out case far more manageable (single or twin). Yes, yes, I know, I’ll be at a slightly lower altitude when the engine quits, but not as low as you might expect. Some are very fond of quoting the sharp rise in drag with higher speed, but an often-missed factor is the improvement in prop efficiency that also takes place. The real result is that the actual climb rate on a Bonanza will suffer very little. The
angle of climb (gradient) drops, of course, and it is possible for this to become a terrain clearance issue."
https://www.avweb.com/flight-safety/pelicans-perch-19putting-it-all-together/