Earlier quoted context omitted.
To do this well you need to keep the old frames around...or go back to the previous keyframe and re-render. That might be hard if your design is playback-optimized.
Re-rendering shouldn't be hard, it's just a specialized version of seeking. VLC has seeking. The claim that you would have to decode all previous frames in the entire video is... completely baffling to see coming from the dev. He's arguing a stupid technicality that a video might not have keyframes. That's not a reason to omit the feature entirely.
Going back from frame 500000 to frame 499999 is in the limiting case as complex as seeking from 1 to 499999, and in most cases far better.
I think the forum thread would be better answered "you do it, I don't need this feature" which is basically the gist of it and is a completely fair answer.