A load from an invariant location is assumed to not alias any otherwise potentially aliasing stores. Our implementation only applied this rule to store instructions themselves whereas they it should apply for any memory accessing instruction. This results in both FRE and PRE becoming more effective at eliminating invariant loads.
Note that as a follow on change I will likely move this into AliasAnalysis itself. That's where the TBAA constant flag is handled and the semantics are essentially the same. I'd like to separate the semantic change from the refactoring and thus have extended the hack that's already in MemoryDependenceAnalysis for this change.