Phone plugs can leave one or both contacts exposed, creating the possibility of a short circuit. In the case of pulling the plug out of the speaker while it is running, a short circuit is guaranteed. The handle of the plug is floating if the amp is bridged, as is the case with some switching bass heads and many PA power amps.
The contacts on a Speakon are shrouded on both the male and female connectors, and can't touch one another when a plug is inserted or removed. These features are a basic requirement of any modern connector that is not designed around a historical legacy.
Yes, I am still using phone plugs for speakers. The Speakon jacks are sitting on my workbench, waiting for the next time I open the cab for any reason. At least on the head side, being a relatively low powered amp with single-ended output, most of the major hazards are minimal.
In terms of the cable getting yanked, a cable should not be supported by the plug in any event, especially on a busy stage. If pulled at a right angle, a phone plug is as good as locked. Loop the cable around the amp handle, or something like that. Tie it in a knot around the 6550's.

Make sure it is long enough to take up the slack if something bad happens.