INSTRUCTOR WITH INST STUDENT MAKES POOR ILS APCH. INSTEAD OF MISSED APCH POINT; THEY ELECT TO CIRCLE TO LAND.

Narrative

WHILE ON THE ILS 21 APCH INST STUDENT WAS FLYING. STUDENT COULD NOT GET AN EXACT HDG TO KEEP THE LOC CTRED. THUS; WHEN WE BROKE OUT OF CLOUDS WE WERE WAY L OF THE RWY AND WAY TOO FAST. WE COULD NOT LAND THE AIRPLANE AND WITH THE RWY AVAILABLE AND INITIATED A GAR. INSTEAD OF GOING 'MISSED APCH;' WE CIRCLED THE FIELD; ALWAYS KEEPING THE ARPT IN SIGHT AND LANDED. THIS; IN RETROSPECT WAS THE WRONG THING TO DO AS WE SHOULD HAVE BEEN VECTORED FOR; AND SHOT THE APCH A SECOND TIME. I SHOULD NOT HAVE ALLOWED THE STUDENT TO SHOOT THE APCH AFTER IT WAS CLR HE COULD NOT KEEP THE LOC CTRED. AS FAR AS THE SPD OF THE APCH; I WAS GUILTY IN NOT GETTING THE GEAR AND FLAPS DOWN AT THE FAF. I WAS TOO ABSORBED IN TRYING TO SEE THE FIELD AND HELPING THE STUDENT GET THE NEEDLE CTRED. IN RETROSPECT; I SHOULD HAVE TAKEN THE AIRPLANE; INITIATED MISSED APCH PROCS; AND GOTTEN THE VECTORS FOR THE SECOND APCH. ALSO; THE WX WASN'T EXACTLY AN IDEAL LEARNING SITUATION IN THIS INSTANCE BECAUSE THE VISIBILITY AND CEILINGS WERE TOO LOW FOR SUCH A LOW TIME INST STUDENT. IF THE SITUATION EVER PRESENTS ITSELF AGAIN; WE WILL GO MISSED APCH AND TRY IT AGAIN. I THINK WE BOTH HAD A CASE OF 'GET THE AIRPLANE ON THE GND' AND RUSHED THE APCH.