Disclamer, I've got 200 hours in the SR-22 and it is my all around favorite airplane.
Pull the chute and survive... That easy.
That's the kind of nonsense that leads inexperienced pilots to do dumb/dangerous things in Cirrus airplanes.
Pulling the CAPS parachute is the civilian equivalent of ejecting from a military airplane, but Cirrus glosses over the very real hazards of using the parachute. Military pilots are extensively trained on the limitations and hazards of pulling the yellow handle as well as the scenarios where they
should use it.
First off, as I already noted, you no longer have ANY control over where you land. Do you want to be drifitng toward an electrical substation helpless to do anything but pray? According to BRS's own website..
Q. What are some of the deployment scenarios for using the BRS?
A. • Mid-air collision
• Single-engine night operations
• Pilot incapacitation
• Stall/spin on approach
• Structural failure
• Loss of control/icing (component failure, icing induced or pilot error)
• Engine out over hostile terrain
(emphasis mine)
Secondly the impact when descending under canopy is the equivalent of dropping the entire aircraft from 35 feet in the air. According to BRS's website the vertical velocity under a stable canopy is 25 FPS or 17 MPH This is a severe vertical G loading that has caused many back injuries among pilots and passengers. Consider the fact that the Cirrus test pilots have never ridden a CAPS chute all the way to impact, it was considered too dangerous.
Third and most important. Many inexperienced pilots buy Cirrus airplanes because of the "safety" feature of the CAPS chute beilieving that if they get into trouble, they can pull the chute and it will save them. They then allow the option of a parachute to influence their go/no go decision making. Many Cirrus accidents happen in scenerios (such as CFIT, low altitude stall/spin, ect) where the CAPS will do absolutely no good.
This video is not related to the CAPS system, but helps illustrate my point.
One curious effect of almost all safety equipment is that at least initially they make things worse instead of better. The auto industry learned this when ABS and airbags became standard safety equipment. Drivers continued driving in poor conditions believing that ABS would let them stop sooner. When they needed to stop quickly, they pumped their brakes which deactivated the ABS system. Pyrotecnic airbags are designed to stop full grown men, but in several crashes they also killed a few small women and children.