IIUC, an untrusted inline SVG is bad. An image tag pointing to an SVG is not.
<img src="untrusted.svg"> <!-- this is ok -->
<svg from untrusted src> <!-- this is not ok -->
I feel like this is common knowledge. Just like you don't inject untrusted HTML into your page. Untrusted HTML also has scripts. You either sanitize it. OR you just don't allow it in the first place. SVG is, at this point, effectively more HTML tags.