Count me in the group of cirrus pilots that with an engine failure would NOT in a million years pull the chute before 500 feet AGL no matter the terrain or surroundings. Fly the damn airplane to where you want to land. If its not going to work out pull the chute. Its already been shown that a chute into water in not a good thing with back injuries etc. I would hate to pull the chute at 5000' just to drift with the wind over a lake and know my back will be mess up for the rest of my life, with questionable egress. I don't want to know how long I can swim with fractured vertebrae.
If the wind is 23 kts or more you WILL have a lower impact velocity "landing" into the wind, than under canopy. if the wind is 28 kts or more you will have a steeper angle (thats a good thing) of decent too "landing" into the wind than under canopy. Plus you will have control over where the airplane goes, and that is HUGE.
The cirrus WILL recover from a spin (with positive control inputs), if you can even get it into a spin (VERY hard to do). No reason there to pull the chute unless you are below 2000 AGL.
I'd lose the hardon for the chute, if I was you. You might even end up safer in the end.