Generally planes are good gliders. The only reason to bail out is if it is impossible to find an airport/landing strip within glide range and the aircraft is in a remote location where the aircraft crashing won’t matter.

Even in the latter case - there is limited benefit from jumping early vs. gliding towards civilization/possible landing sites.

IIRC dealing with engine out/glide contingencies is part of pilot training and licensing in the US

EDIT: the commenters on the FA also point out several distinct troubleshooting steps that are missing from the video including pre-engine failure signs + recovery steps, radioing ATC for guidance, flying above roads to ensure proximity to off field landing sites, and maintaining an updated list of off field landing sites along the route.

At the very least, several flying mistakes were demonstrated.