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The phrase "a precipitous one" is correct and usable in written English.
It can be used to describe a situation or decision that is steep, sudden, or risky, often implying a sense of urgency or danger.
Example: "The company's decision to expand into international markets was a precipitous one, given the current economic climate."
Alternatives: "a steep one" or "a sudden one".
Exact(3)
It seems a good end to a life, if a precipitous one.
But given the rarefied place Trout occupies, and if we assume a typically gradual decline and not a precipitous one, he should still be a productive player deep into this contract.
Most forecasters, however, are predicting an orderly decline, not a precipitous one, in part because the dollar's decline so far has not hurt either the stock market or the bond market, where interest rates are still low relative to the economy's growth in the second half of last year.
Similar(57)
In January, when industrial production dropped by a precipitous one-third throughout Ukraine as a whole, in Donetsk it fell by half against the previous year.
The report yesterday echoed that theme: "The current uncertainty surrounding climate change implies that a realistic policy should involved a gradual, measured response, not a risky, precipitous one".
But on Yukness, big patches of snow still covered the trail, including one long stretch that curved up and around the mountain with a precipitous drop on one side.
The decline of 3Com has been so precipitous one might confuse its performance with a dot-com.
The path skirts a vineyard, then veers up into the woods, emerging onto a corniche — a natural terrace with a rocky overhang on one side, and a precipitous drop on the other.
Hanging directly over the stairway, with a room on one side and a precipitous drop on the other, is the "mother-in-law's door," as Mr. Dumont called it.
At one point, when the car made a precipitous turn on the cliff-hugging road, the camera did not follow it but kept flying out and over a pristine mountain lake.
Disney said Friday that Lasseter will leave the company at the end of the year and will assume a consulting role until then, a precipitous fall for one of the most influential figures within the Burbank-based entertainment giant.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com