My home airport is surrounded by rolling hills with lots of oak trees. For the first 400 feet of altitude they are my only option (based on my aircraft and my skill level). At about 800 feet and up (depending on the circumstances, weight, wind, etc) I can seriously consider a turn back to the runway. Then there is a point between that 400 feet (where I'm landing straight ahead) and about 800 feet (where a turn back might be an option) where another option is presented. The other option (other than landing into rolling hills covered in oak trees) is a small lake. The lake is shallow near the shoreline and surrounded by houses. Not too many boats and no swimmers (designated swimming areas only). My plane is a fixed gear, nose dragger, with a stall speed around 40 mph. So between 400 feet and 800 feet do I consider the lake or take my changes in the hills and oak trees? One other data point - the hills are not totally covered in oaks. I may be able to get the wheels on the ground and possibly some breaking before I hit one. The other variable is the hills slope pretty good - and I'm no Trent Palmer! I'm not certain I could hit my spot and land on a slope while avoiding the trees. Part of me thinks if I can just get the wheels on the ground at 40 mph and get some breaking before I hit something, that might be the best option. On the other hand the water just looks tempting, even though there is the potential for nosing over - and my plane has a tip-up canopy which could be a real problem. If it tips over, I doubt if I'm going to get out. As I'm writing this I think I'm answering my own question. It seems to me the tip-over potential is real, and the result of that might likely be fatal. Curious what others might say about this?