Currently, when the t option is specified with no arguments,
the # character is still treated as a terminator, even though
no character should be treated as a terminator.
This is because a previous regression fix was modified to
remove the use of NULL as a default altogether. However,
NULL and an empty string actually refer to different
arrangements and should be treated differently. NULL is the
default terminator (#), while an empty string removes the
terminator altogether. This is the behavior being used by
the rest of the core.
Additionally, since S_OR catches empty strings as well as
NULL (not intended), this is changed to a ternary operator
instead, which fixes the behavior.