If you are driving a plane that will still go anywhere in the upward direction, however slowly, when an engine takes a dump, that is one heck of a margin of safety IMO.
I'm not picking on you, hindsight2020, but I've long been bumfuzzled by people's expectations of single engine performance in twins. A twin should perform nicely with both screws turning, and do well enough on one engine that you can set it down at the nearest runway instead of the nearest flat spot on the ground. Pardon the rant. Just my opinion, and not just about this particular thread.
Oh no sweat, I engage these threads for the purpose of exchanging ideas. I can tell you that to me, the difference between a lackluster climb rate in a single and one in a twin, has to to with the dynamics of touchdown. I much prefer to impact the ground in a much lighter, slower single with half the gas on board, than a twin holding blue line, with a much higher sink rate when I pull the second throttle. What kills people is the siren song of thinking, yeah I can pull out of this one at sub 200fpm.
To normalize the discussion, I'll give you my perspective as a pro. The FAA sets IFR OEI departure climb
gradient circa 200ft/NM, or standard, otherwise higher if stated as such. Do the math: you ain't making that on most these 4-bangers. The FAA specifically exempts their design certification by carving out the OEI climb criteria from the sub 6k sub 61kt VSO airplanes, in order to account for this deficiency. To me, that's all I need to hear. They're not twins to me and it would be hazardous to treat them as such on departure. That's a lot of tight circling you're gonna have to do to keep that sucker clear of low close-in obstacles, with asymmetric thrust ready to pounce on any control input hiccup on your part, never mind the distinct possibility you won't be able to climb at all with any turn of consequence. Coffin corner.
Thus, even thinking of these airplanes as a "twins", is imo terrible negative transfer, unless the only twins you've ever flown are part 23 sub 6k sub 61kt twins. It certainly was for me when I first started the engines on the seminole, then did one OEI demonstration and convinced myself to never ever describe them as such, as a professional turbine multi pilot.
I can tell you with confidence, if I handled go/no-go criteria on the B-52 as I have to in a seminole, people would die. Likewise, treating a seminole with the go/no-go criteria of a Buff, would leave me hitting the parking lot at blue line with double the fuel to ignite as that of my Arrow.
So I disagree with your position; the lackluster and negative-transfer-prone nature of light piston twins is not overstated imo. They are to be treated as singles for takeoff. You're not climbing to pattern altitude with any sense of safety margin, so you're better off running it off the runway at taxi speed and cashing the insurance check. To me, you need to be established well above 500' AGL and past the close-in obstacles before you can reap the benefit of powerplant redundancy on these spam cans. And don't misunderstand, just as I suggested by the original post, there is a mission set for which that redundancy
is valuable. Takeoff is not it, and it's not a "just a couple" seconds like some people suggest. It takes actual minutes before you're in that regime imo. Of course, you can ameliorate these limitations by lowering the weight you're willing to depart with. But that becomes an economic argument, which is a different issue altogether.