Stream post URL security is not part of the July API changes listed here:
https://developers.facebook.com/roadmap/
Also, it doesn’t make any sense for them to deprecate that particular option. What the “Stream post URL security” option does is to make it so that an app cannot post any links that don’t link to it’s own URL. But many apps do want to post arbitrary links to other sites, so disabling this makes sense for those case.
The only way this actually affects usage of SFC is if you use a shortlink modifying system with your blog, because SFC uses the shortlink. The default shortlinks in WordPress will have your own URL in them, but if you use Jetpack to get wp.me links, or a bit.ly plugin, or something like that, then you’d want to use the shortlink so that you can get stats information from that service. In that case, because the URL no longer matches the site’s URL, you need to have this option disabled. For the default case, it works fine if it’s enabled.