This post contains output examples of the updated link handling:

images hotlinked for the HTTP and HTTPS examples are from here:

This image is hot-linked to a domain on HTTPS.
[Linked Image from]

IMAGE HTTPS wrapped in URL BBCode:
[Linked Image from]

** if enabled, linked images from HTTP urls will get a link instead of trying to imbed. the hosted domain is displayed so the end user can decide if they want to click it or not.
[Linked Image from]

IMAGE HTTP wrapped in URL BBCode:
[Linked Image from]

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