Fighter Ace 2 had a bit of parachute control.. when you move the stick, the person on the chute sways his body to corresponding directions, thus.. 'sky diving' was possible
There were 'Pin point parachuting' contests which were quite fun, as a matter of fact

.. and watching the person on the chute squirm to evade enemy fire was even more fun
I think it's a harmless and interesting idea
