I'm just getting into this and I'm new here. I see things here that tell me you don't have all the facts and I don't know if you can get all of them. Neither can I give them to you.
This was a daily routine in practicing for the air show; They did a lot of combat turns with this aircraft, all week; steep climbs, steep landings, steep turns. None of this appeared to me to be different. Don't know what this pilot did but I do know he didn't accelerate when turning so sharply. People on the ground did not hear the plane's engines rev up at all. I do know you need to accelerate when doing this stuff. Maybe that will help y'all figure it out better.
I enjoy reading how you think this through; I'm learning. I am sure it was pilot error - or malfunction of something; that noise that was heard still nags at me!
I believe it is in everybody's best interest to sift this and all emergencies so we don't repeat and have similar results. Been to 26 aircraft crashes and 5 train wrecks; don't like them a bit.
One person said it is not the thing to do outside of a combat arena. That steep takeoff is normal when practicing for such things. Practice here makes you live longer there. A lot of such practice goes on at home. Combat is a poor place to begin the learning curve. i am a firm believer in practicing for real because the way you practice is how you'll do when it counts. When it counts, it should be automatic mostly, from training incessantly. No time to think it through and learn when plop hits the rotary oscillator. If you don't do it right in practice, you won't do it right when it counts. I had friends I don't have for that very reason.
The patterns for this practice are set by safety margins so that if a bird does go down, it should fall into the woods, like this and the last one did. The footprints are only yards away from one another. But that other one was taken down by birds. This was pilot error, so the Monday morning quarterbacks say. I wasn't in that plane so I don't know what he did or didn't do correctly or whether there was a malfunction. But he knew.
Been in several situations where the sidewalk superintendents say one thing and the facts say another; I'll just keep on learning and practicing.
As I've heard it from others, the B-52 that crashed similarly in Washington was a case of hot-dogging as the "rumors" from fighter pilots I've talked with say the probability is that that bomber pilot had a record of hot-dogging. I don't know; not accusing, just sharing. But it's something that may be significant in the factoring on that one.
Done enough of pushing the envelope all my life. Taking risks was not my job but taking calculated risks was. Still here so I reckon it worked out okay then but I won't try them now since I'm 127 now.

Just a joke; it's the miles, not the years.
I'm enjoying reading much of your writings. Pretty sober stuff and educational.