Renaming notes may change display text in referencing notes

Steps to reproduce

  1. In the Options (:gear:) go to page Files and links and turn on Automatically update internal links.
  2. Create a note “Essay about the King of Rock and Roll”
  3. Write: [[Elvis Aaron Presley]] was born on January 8, 1935, in Tupelo, Mississippi.
  4. Click on Elvis Aaron Presley to create a note with that name.
  5. Rename that new note to Elvis Presley, e.g. from the context menu in the file navigation.
  6. Go back to the original note and see that the link was updated to [[Elvis Presley]]

That’s not a bug, you may say, but I disagree. Of course, the link is supposed to be updated. But it should be updated in a way that preserves the original display text of the referencing note:
[[Elvis Presley|Elvis Aaron Presley]].

To stress this even more, repeat above steps but with the original note’s contents being: [[Elvis Aaron Presley|Elvis Aaron Presley]] was born on January 8, 1935, in Tupelo, Mississippi.

Now everything works as expected. After renaming, the internal link becomes [[Elvis Presley|Elvis Aaron Presley]]. This leaves the text that the user sees in reading mode untouched, while updating only the link.

So on a more abstract level, when someone writes [[something]], this is just a shorter way of writing [[something|something]], but link and display text should still be treated separately.

Did you follow the troubleshooting guide?

Yes

Expected result

The internal link should be updated in a way that preserves the original display text of the referencing note: [[Elvis Presley|Elvis Aaron Presley]].

Actual result

The internal link is updated, but if it had its display text not explicitly set, the display text will change, too: [[Elvis Presley]]

Environment

SYSTEM INFO:
Obsidian version: v1.11.5
Installer version: v1.7.7
Operating system: Windows 11 Enterprise 10.0.26100
Login status: logged in
Language: en
Catalyst license: none
Insider build toggle: off
Live preview: on
Base theme: adapt to system
Community theme: none
Snippets enabled: 0
Restricted mode: on

RECOMMENDATIONS:
none

Didn’t see this feature request even though I did search for similar topics. Nevertheless, it’s quite a stretch to call this a feature. IMHO, it’s a bug to not have it, but who am I to judge.