FallbackRedirect keeps old URLs working after you rename pages, move a site, or delete content. It stores redirect rules, serves 301 / 302 / 307 responses on the front end, and logs unique 404s so you can turn the worst broken links into redirects.
Under Settings FallbackRedirect you get six tabs:
How SEO protection works:
template_redirect before the theme 404 template.php probes, and wp-includes / plugin / theme scans by default