It seems likely (intuitively, which is why this is a question) that a naturally-occurring mutation which is artificially selected-for by a grower actually is very different from a transgenic insertion. The former arises within the complex regulatory/inhibitory genetic environment of the natural plant, so it sort of feels less risky, less likely to be disruptive or to renovate the biochemistry. Transgenically-inserted genes are mitochondrial, activated by default, and not part of a regulatory chain, and may produce arbitrary metabolites -- this is where they get their power. An ecosystem analogy comes to mind, natural mutations are like species evolving in an ecosystem, and transgenic insertions are like invasive species, potentially throwing the ecosystem seriously out of whack.
Is this just a sort of romantic fallacy, supported by a bad analogy?
I think it's tangential to the safety question -- actually-existing commercial GMO crops have been tested and demonstrated to be safe, that seems to be clear. But I think the space for unsafe combinations is much larger than it is for natural mutations, and the analogy to selective breeding understates the danger (and the power)?