If done right, it breaks the link between sender and receiver. The receiver still has some downstream transaction risk, but that’s on them. I am more concerned about protecting the sender.
This applies to all Silent Payments - not just Nostr Silent Funds Wallet.
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Not after a bad spend... On a donation portal, for instance, it would link all sender's as soon as the receiver makes a spend that uses coins from many if not all at the same time. It's even worse if the receiver is constantly spending from the SP wallets.
For the donation example, I think it's only an issue if the the SP addresses are linked to their original public static address with a consolidation, otherwise none of their other silent addresses are linked to anyone. They might be inferred if they end up paying to a particular static address. But the more silent payments are used in the ecosystem then the less traceable it all is.