Earlier quoted context omitted.
Why isn't that fine? The compiler ignored the undefined behavior it didn't detect.
No. No honest person can claim that making a decision predicated on the existence of X is the same as "ignoring" X.
Most of the time people accuse compilers of finding and exploiting UB and say they wish it would just emit the straight-forward code, as close to writing out assembly matching the input C code expression by expression as possible. Here you have an example where the compiler never checked for UB let alone proved presence of UB in any sense, it trusted the user, it acted like a high-level assembler, yet this compiler is still not ignoring UB for you? What does it take? Adding runtime checks for the UB case is ignoring? Having the compiler find the UB paths to insert safety code is ignoring?