depends on your experience in the airplane. if you have a highly experienced and proficient crew that has dealt with an engine failure before and knows how the airplane will perform, i see no problem with the 360. its all about knowing your personal limits. If ive only been in the airplane for a few months, yea definitly slow things down, but if youre extremely familiar then its a different story.
in the military our checkrides usually involve an instrument approach with a circle to land in the sim with an engine out, which i would say is a much more dangerous maneuver than a 360 on final. Do airlines train this way in the sim?