This is the other bit I split out from D78923 as mentioned there. However since I wrote this, I'm less convinced that it's a good idea.
Firstly, it makes the lld private option (used on the lld-link interface - the one on the mingw driver interface is public) essentially public, if projects would be to start embedding it in .drectve sections.
Secondly, placing such an option in an object file is tricky, because it's essentially impossible to override it by linker options, as the linker options are read first and the object file is parsed later, overriding it.
Thirdly, after remembering more of the details about this, it turned out that the full pseudo reloc mechanism should be usable even in restricted UWP mode, as long as VirtualProtect is remapped to VirtualProtectFromApp (which already is done in https://sourceforge.net/p/mingw-w64/mingw-w64/ci/8f078a256769c84a021f5512ba0400f1eb8d0c05/), and as long as all places needing fixup is in data sections. If the executable code is generated with LLVM, it should avoid placing any such references within code sections, but always use .refptr stubs - so then this shouldn't really be an issue.