Captain
Final Approach
To me the risk is summed up when you purchase / rent a plane. If you 'always' want an out then a part 25 multi engine is your answer. Balanced fields and all the other regs ensure you always have an 'out'
If you're going to fly a part 23 SE airplane then you have by definition accepted that you are okay with certain phases of flight being fatal if the engine stops. You know that going in and as a pilot you should understand and accept that risk.
Engines today are more reliable than ever and that risk is as low as its ever been. But don't kid yourself, if you fly a SE aircraft there are moments of flight where you can lose an engine and not survive, no matter how proficient you are.
Crossing a big lake? That's just a prolonged exposure to a risk you've already signed up for.
If you're going to fly a part 23 SE airplane then you have by definition accepted that you are okay with certain phases of flight being fatal if the engine stops. You know that going in and as a pilot you should understand and accept that risk.
Engines today are more reliable than ever and that risk is as low as its ever been. But don't kid yourself, if you fly a SE aircraft there are moments of flight where you can lose an engine and not survive, no matter how proficient you are.
Crossing a big lake? That's just a prolonged exposure to a risk you've already signed up for.