I don't see how a Jordan Drogue or a parachute would have helped much. Paul has sailed in worse conditions when he rounded the
Horn and sailed to South Georgia earlier in the voyage. The issue wasn't handling the boat in the conditions but that the engine was destroying its aft structure.
The
Epirb worked - out of date or not so I guess those batteries aren't that bad.

It wasn't loaned but given to him as better than nothing as far as I know.
He was not insured. I don't think a singlehander can get insurance for that kind of trip.
On this voyage Paul had sailed from Victoria through the Pacific and around the
Horn and on to South Africa. On a previous trip in a smaller boat he has sailed many thousand miles as well. I don't think he was exhausted. I think in the circumstances he made the correct decision.
As far as paying for rescue I am against in in most circumstances. It is a tradition of the sea to rescue others when necessary.
soulfullspirit
Are you an experienced offshore sailor or a second guesser with a computer?