Impending engine failure? Then pull up?..don’t think so, this isn’t Reno. This was a take off/ accelerate “hold my beer and watch this” moment, not enough airspeed slow and low 1st mistake, punch out after plane was recoverable 2nd mistake. One person dead and a crash into a neighborhood not good PR for Snowbirds, there going to have to dig themselves out of a hole on this one. Aircraft age is meaningless.