[SS427]

I would MUCH rather have an engine failure (depending on how catastrophic) than and on board fire though as you say, at V1 you are most often screwed! NOT a good thing either way. At least with a failed engine you can in most cases dead stick it in whereas with a fire you are often limited to how fast the fire consumes the aircraft. Glad yours was not major but I am quite sure you were likely entitled to an underwear change. Never encountered a fire or a failed engine. Only issue I ever had was when my pilot was performing a hammerhead stall and we fell straight back on our tail and the plane would not invert. It was not until I yelled at him to take his hands off the stick did the plane nose over with about 1000' left. This was in a Citabria.