Show full website address no longer working in Safari
In the Advanced Tab of Safari settings there is a "Smart Search field: Show full website address option". It used to be that that would cause the full URL to show, but now it only shows the search terms, which is not ever what I want.
I have cleared history and turned off extensions to try to fix it and neither worked.
Is this just a bug?
See the image for an example
MacBook Pro (M1, 2020)