@Gargron It seems like, at a minimum, this option should be clarified in the interface as to exactly what it does or doesn't do, *regardless* of any full text search related changes. I'm apparently not able to understand what it does by reading the text.
Along with "Block notifications from people you don't follow", this makes two preferences in Mastodon that are privacy/security related but have labels which are unclear/misleading or say something different form what they do.