Here’s the thing: a HALO jump is no doubt super-exciting (ie: terrifying) for anyone who actually does it, but for those of us watching one in a film, what it is it? Just another parachute jump, only much, much longer. It doesn’t surprise me they’re not included in more films.
McQuarrie made it exciting in “Fallout” because (1) the star of the movie is really doing it, (2) the brilliant camera work makes this abundantly clear, and (3) the mid-air efforts to resuscitate Walker add a “ticking clock” element that makes everything exponentially more urgent. This is literally a new angle on the concept and that’s what makes it interesting. At this point it’s nearly impossible to come up with a new stunt, but with imagination and daring it’s still possible to present them in novel ways. Harold Lloyd movies had car chases decades before Steve McQueen showed up, for instance, but “Bullitt” found a way to make it seem fresh and exciting.
Again, I don’t think “Fallout” is the greatest action movie of all time or even, honestly, anything like a cinema classic. But it earns major points with me for including so many fantastic practical effects in a world where CGI is ruining everything. I don’t care how much money the studios throw at computer graphics, our eyes and brains will always be able to tell the difference between reality and software.