Tom,
We're in the domain where philosophy meets physics, the playground where truly fundamental physics takes place! FPC leads to a model that has physical consequences, so new physics is required, but not immediate. I don't know if you've read Kip Thorne's "Black Holes and Time Warps". It"s mostly about the history of BH physics, except for the last few chapters, which are worth the price of the entire book. In particular, Ch. 11 entitled "What is Reality?" is a gem. In this chapter, he writes about the the different paradigms physicists use to solve, in this case, problems and questions regarding BH physics.
He defines a paradigm as "a complete set of tools that the community of scientists uses in its research on some topic, and in communicating the results of its research to others." The three paradigms used in BH research are the warped spacetime paradigm (of which most everyone is familiar), the flat spacetime paradigm, and the membrane paradigm. Some problems are more easily solved using one paradigm over the other due to the suitability of the mathematical formalisms or the intuitive pictures that guide the calculations. Each of the paradigms is completely equivalent (here's the kicker) "so long as one restricts attention to the hole's exterior". The mathematical results of the MP differs from that of the WSP on the interior of a BH. This is a clue the something not quite right. Two separate math formalisms, representing the same physical laws, giving consistent results exterior to the hole, but inconsistent results interior the hole.
The FPC is actually aligned philosophically with the FSP. In case your not familiar, the FSP, "is based on three sets of laws: a law describing how matter, in a flat spacetime, generates the gravitational field; laws describing how that field controls the shrinkage of perfect rulers and the dilation of the ticking rates of perfect clocks; and laws describing how the gravitational field controls the motions and fields through flat spacetime." So this paradigm differs from the WSP on the interior of the BH also, since at the horizon the radial dimension of the perfect ruler shrinks to zero and the ticking rate of the perfect clock dilates to infinity.
So where is the new physics required? It is probably required locally at the horizon (this is where QG needs to be developed), but is definitely required at the beginning of the universe (of the present cycle according to HBCS Cosmology), and in the descriptions and understanding of DM and DE, and the icing on the cake is that the singularity is no longer incomprehensible. New physics is compulsory since HBCS Cosmology differs from the Standard Model.
Allowing continuation across the event horizon is based on a belief that the WSP is the true nature of reality, even though it cannot be proven to be. I believe the FSP is the true nature of reality, and I think, I've given compelling reasons why it should be considered as such. More importantly, if the HBCS model aligns with the empirical observations and detailed calculations, that would be evidence for the FSP, validate the evocation of the FPC, and contribute to a vastly more complete picture of our cosmos.