These threads always end up being a pissing contest about what you should do in situation X, usually diverting away from what actually happened. AoA vs IAS, 9mm vs .45, et cetera. Here I go taking the bait and getting on my high horse. I have been there on takeoff near max gross on a hot day climbing through 200 ft and have my engine get quiet. Luck and fortune were on my side that day. The runway that the wind favored was closed so I was given a longer cross-wind runway. I declined the intersection departure and went full-length. I accelerated and climbed at Vy. The engine got quiet, I did not have enough runway to land on, but there was a field at the end. I can tell you that through the entire sequence I was acutely aware of my airspeed and my biggest challenge was to slow down. Perhaps if I had climbed at Vx the FOD that took out the #4 cylinder would've arrived sooner and I would've made the runway straight ahead, but my thought process was that the gusty crosswinds combined with my engine out planning had me concerned that I was get behind the airplane in the seconds it took to identify a failure and at Vx, I would have a dangerously high sink ratem so I accelerate to Vy in ground effect before starting my climb. I went from 200ft and 120mph to stopped in less than 4000ft. I believe that for at least 3000 ft I was in the air. At just over the ground at 90 mph, I said, "fuck it, I've got to slow down" and I forced the airplane into the weeds, bounced, became airborne several times as the terraced field dropped off beneath me, but we walked away and the airplane sustained no damage. I had hoped to never have such an incident, but I trained and planned for it, and a combination of luck, planning and good decisions saved our lives and the airplane. I have a mental checklist similar to GUMPs when turning onto the runway. I call it the "Three 3s: Trim, Flaps, Fuel Selector; Switches on, Transponder, Frequencies; Prop, Mixture, Throttle" and on the roll, I call out "Airspeed's alive, instruments are in the green, windsock." On landing, I always crosscheck airspeed, GPS groundspeed and make a mental note of windsock and reported winds to make sure the spread seems normal.