Is there much of a way to recover from that kind of glomping? Kinda seems like the aerodynamics might hold them together (as the noses are somewhat pointed together), or with enough speed rip them apart chaotically since they're a bit skewed (which could be worse than ejecting early).

It seems pretty obvious that ejecting is the right choice either way, but it makes me wonder if there's any alternative in this kind of scenario.

Depending on how much damage was incurred during contact, since they were already flying predominantly the same direction & speed, at a higher altitude they might have uncoupled and regained controlled flight. Examples of more grievously damaged airplanes have landed in the past. I don't think they had any real hope if they stayed joined, tho.