C172 PLT ON SHORT FINAL EXECUTED GAR TO AVOID ACFT ENTERING RWY FOR TKOF.

Narrative

C172RG WAS ON LESS THAN A HALF MI FINAL FROM RWY 33 AND WAS CLRED TO LAND WHILE ON AN APPROX 5 MI R BASE TO THE RWY. IT WAS AT THIS HALF MI FINAL PHASE THAT THE TWR CTLR CLRED FOR TKOF A C17 ON RWY 33. I QUICKLY CAME OVER THE RADIO RPTING MY STATUS AND POS AND WAS NOW APPROX 1000 FT FROM THE END OF THE RWY AT 300 FT MSL. I OBSERVED THE C17 APPLY BRAKES HEAVILY. THE NOSEWHEEL OF THE C17 WAS STOPPED JUST PAST THE HOLD SHORT LINE. DURING THIS PROCESS I ANTICIPATED EXECUTING A GAR. I HAD ALREADY APPLIED FULL PWR; BEGAN MY CLB; AND RETRACTED THE GEAR AND 10 DEG FLAPS WHEN THE TWR TOLD ME TO EXECUTE A R TURN AND ENTER R BASE FOR RWY 3. I CONTINUED TO CLB AND BEGAN MY R TURN. THE C17 DEPARTED AND I WAS THEN CLRED FOR A 360 DEG TURN TO RETURN TO FINAL FOR RWY 33. I FEEL WITH THE EXPERIENCE OF THE C17 CREW AND MY EXPERIENCE AS A COMMERCIAL PLT AND CFI THE SITUATION WAS HANDLED PROFESSIONALLY. I DO FEAR HOWEVER THAT IF THE PLT LNDG RWY 33 WOULD HAVE BEEN A STUDENT PLT OR NEWLY MINTED PVT PLT THE OUTCOME WOULD NOT HAVE BEEN FAVORABLE. I FEEL THAT THE MAIN CONTRIBUTING FACTOR WAS THAT ON A SEVERE VMC DAY THE CTLR MERELY TEMPORARILY LOST SITUATIONAL AWARENESS OF THE C172 BEING CLRED TO LAND 5 MI OUT. IT WAS DUE TO ALL 3 PARTIES THAT THE OUTCOME OF THIS SITUATION WAS NOT GRIM.