It appears that the answer is yes, this unlock method could be disabled by future software updates. I just read through the G5 thread linked in the first post of this thread, and found this comment from @hyeltonAccording to this table, LTE band 17 is a subset of band 12:
Could LG disable this unlock method in future software updates? If yes, then anyone who is using this method should be careful about accepting software updates.
"No one will know till it happens. It won't be patched with the G5. But still can happen with the V20. It got patched on the G6."
Full post is here:
https://forum.xda-developers.com/showpost.php?p=72662359&postcount=201
So, if you are using this method and want to play it safe, you might want to disable software updates. That should be possible by disabling the correct package(s) using a tool like these.
https://play.google.com/store/apps/details?id=com.lgpd.pmanager&hl=en
https://play.google.com/store/apps/details?id=com.kunkunsoft.rootpackagedisablerfree&hl=en