Not to pick on Blade personally, but the shame of this is a lot of people think that this type of flying is good flying. I understand the "fly to live" mentality, but this IS a combat game. If your going to avoid all combat on the off chance that you might "die" why bother to play?
In this case he had a number of good chances to engage the 262. He also could have kept his alt over the base and instead of vulchin a couple of kills he could have attacked from a position of advantage (12k) after the other guys got out of the ack and got some speed up. Even had the fight looked like it was going bad he could have run from a fight that he was in control of.
Don't be afraid to die, its the best way to learn what doesn't work.