Well, kind of. The missed approach point for an ILS is DA, not a specified DME or specified time. If you lose the slope, you are basically now doing a LOC approach, which is why you made note of the timing or DME to the MAP in the first place. Also why if you made a note to point out something along the lines of "back up to transition to LOC is..." and you're still above the loc mins you may be good to go depending on the wx at the field.