Similarly once you’re talking about output other than passing it through unmodified to a format which can handle that, you are by definition converting it and need to handle what can go wrong. It’s easy to handle this in several ways, either by reporting an error or using some sort of escaped representation with an indication that this doesn’t match the document encoding, but you no long have the luxury of pretending that treating string as a synonym for bytes was ever safe.
I'm not a fan of Python3's language fork in any way (I think it was completely unnecessary to fork the language to make the improvements they wanted to) but I'll admit things like Pathlib and UTF-8b are a step in the right direction for handling arbitrary Unix paths. (I work with a large Python 2 code base and a product that has to interact with a variety of path encodings, so this subject is... sensitive for me.)
Heh, "convert" it by concatenating it with a different directory path? Print it for the user? Stuff it into some kind of output format? Every one of those actions is going to toss an exception in python[1], and there are no tools available for reliably doing this in a safe and lossless way that matches the obvious syntax you'd use with "good" strings.
Maybe that's "fine" to you, I guess.
[1] And in lots of other environments. The quibble I have with the linked article is, again, that this kind of thinking is pervasive in modern string handling. Python certainly isn't alone.