Can apps still get information that identifies the specific device? If so, another possible threat model could be more about identifying who uses what device rather than anything specifically in the photos themselves.
For example, I already have a database of high value target's faces built from political sources like house.gov. Now I do facial recognition between that set of faces and the FaceApp faces. That allows me to identify the specific devices used by government officials. That would seem to be super valuable for more targeted attacks and/or pairing with other apps for potential kompromat.