10' AGL with the typical winds at Loveland Pass is not an "out", it's a last ditch effort before you die.
I am not kidding. Arapahoe Basin Ski Area's upper portion is essentially at the top of Loveland Pass. The vast majority of the year it clocks winds above 30 knots all day long. (It's also a damned cold place to ski but the skiing up there is really good so folks put up with it. Sitting on the upper chairlift in 50 knot winds SUCKS, which is why A-Basin is cheaper than lower and less windy ski areas.)
This.
Only on the absolute calmest days is Loveland Pass even flyable safely and us locals know it. I will NOT pick Loveland Pass over numerous other options that are better without knowing I'm in an aircraft that will top it by 2000' AGL. And that means a high performance aircraft. Essentially it's not a flyable Pass. It's a route for an aircraft already in the low teens in cruise.
The better options just aren't that far away or out of the way to justify flying Loveland.
Kent mentioned that most people won't "pull" hard enough to do the 2 G turn. Everyone's done steep turns to at least Private standards but not everyone has done a level 2 G turn to Commercial standards. That's "not enough experience" step one in that accident chain.
Step two is, very very few have done a Commercial steep turn in atmospheric conditions that require the nose to be pointed DOWN to maintain speed and level flight is impossible at that DA in a 2 G turn.
Like Kent and Clark said, climb up in your airplane for REAL to 12,000 and see what the climb performance looks like. It's usually pitiful. NOW do a steep turn and don't stall. You'll usually end up in a very steep nose down attitude to turn 180 degrees.
The spreadsheet is neat. It doesn't factor in the true fear people feel when the mountain is looming across the windscreen and they're in a nose down, 2 G hard turn and the stall horn starts screaming as soon as they rolled off of wings level into the turn. You can only learn that this view out the window is "okay" by having done it in controlled conditions.
This scenario is what a young father, his wife, and two kids faced who flew up I-70 an number of years ago. The stall/spin occurred in the turn which when calculated later (like the spreadsheet) was shown to be "possible". It wasn't an "impossible turn". But, he didn't make it.
The only good news is, the crash site is always on the Loveland Ski Area property and access to the wreckage and bodies is a lot easier than many other common crash sites on the same passes over and over and over again.
Loveland Pass isn't a good plan, almost ever.
Even Hagerman Pass between Aspen and Leadville which is at a similar altitude to Loveland Pass and has similarly bad performance in anything not turbocharged -- and *is* used for higher horsepower aircraft in the CPA mountain flying course flight -- has better "outs" than Loveland right up until the last mile where you're fully committed and can't reverse course without another 1000' AGL of climb prior to the Pass. You have room to get out of it and head back down-valley on the ASE side until late in the crossing.
Coming from the LXV side (not typical) it's a sheer wall of rock and approaching on an angle there's a way to turn and dive away until you're over the top of it. With winds aloft being similar to Loveland at that height, you'll know approaching from the east that you need to get out of there because of the mechanical turbulence before you're committed. (Plus you'll probably have been circling in the LXV valley to even get up there to an altitude needed to cross it and you've probably noticed by then that you are experiencing moderate turbulence with the occasional smack of your head on the ceiling.
A bad day to cross a ridgeline east to west.)
You don't get that early warning in Loveland Pass because of the turn. The winds go around the peak and over the top of the I-70 valley. So the first time you know you're in trouble in there, you're already committed to the crossing. At that point all you can do is pitch for Vy (corrected for altitude) full power and hope you don't hit. If you do hit, you were dead when you made the turn toward the Pass.
And that's why I won't fly Loveland Pass. It's one of those that you "get away with" a couple of times and then it kills you.