Another thing to consider is that if you are descending and initiate a go around, particularly in a large aircraft, you will continue to lose height.
Even though the B-24 is piston it takes a while to get power up on it since we do the approach with the props back to 2000RPM -- the slow bellybutton electric governor controls have to get the revs up before you can push the throttles up!!
Short final into Prescott Valley, a little gusty but not bad, totally unfamiliar with the area. We were getting +/- 10mph or so all the way down final until really close in the bottom dropped out. I called for climb power and was working the throttles up as quickly as the prop governors would allow all the time sinking toward ground --- actually wondered if we were going to touch down short --- stopped sinking, called for gear up then flaps 20 for the go, about mid field got a left turn for "a pass" over the arrival crowd as if it was all planned.

It's okay to crash, but ya gotta look cool doing it.