Normally in an "emergency" there is prior warning, but a "short circuit between the headsets" and deadly delay before taking action. As can be seen in this fatal head-on crash video:
http://www.youtube.com/watch?v=aasSulcZ4R0
This crash could have been easily avoided, but the camera bike froze in panic. Probably same for the oncoming vehicle, resulting in target fixation and failure to countersteer. Not being able to drag a knee just adds to the fear factor.
Three ways to steer:
1. countersteer (fastest)
2. feet (step on the peg to help steer in that direction = slow countersteering if no hands on handlebars)
3. hanging off speeds up the turn and reduces steering effort (esp at high speed due to gyro force), and adds ground clearance to avoid grounding and crashing, but requires a lot of endurance and stength if hanging off in every curve
Bottom line: draggin a knee is control, and control = safety.
Draggin a knee is merely training wheels for sharp turns at high lean angles. It's a lean angle gauge, like aircraft have bank angle gauges. And the puck adds crash protection.
Example: Beginner pilots are required to make 60 degree banks. Imagine 60 degree lean angle on a bike...
Failure to panic is also a great survival skill, and requires confidence from knowledge applied as skill. Last time I rode the Dragon, 2 bikes passed a car on a short "straight" coming towards me (except there are no straight in the mountains). 1st bike made it, 2nd bike passed the car in my lane, as I passed them. I didn't break a sweat or blow a gasket, and didn't chase them down to shoot them. I felt in total control and proceeded to my destination. But some idiot passing in a blind corner is what I'm worried about.
That's why I'm trying to improve my skills after riding for 35 years. I only got me knee down this year, in a parking lot. We dont have roundabouts here in USA, and parking lots without cops are hard to find.
Head-on crashes are common here in blind corners:
http://www.youtube.com/watch?v=OvrcqeIPYOg
http://www.youtube.com/watch?v=7zjh3PW5-Rg
The DVD Bit By The Dragon also has a head-on crash, bike v bike, in a blind curve. But the skilled riders had no injury nor bike damage, since they were able to move 6 inches to avoid direct impact, while draggin a knee. BMW sportouring bike was passing a car in a blind curve, and didn't even stop after impact.