SimplifyCFG: Do not transform PHI to select if doing so would be unsafe

PR16069 is an interesting case where an incoming value to a PHI is a
trap value while also being a 'ConstantExpr'.

We do not consider this case when performing the 'HoistThenElseCodeToIf'
optimization.

Instead, make our modifications more conservative if we detect that we
cannot transform the PHI to a select.