When you unfreeze a clip it moves back to it's original unfrozen position.
If you've edited the frozen clip (trimmed,split, etc) those changes evaporate as well.
I recently learned in another thread that you can right click on the freeze icon and select to leave the FX Bin unfrozen (frozen track/unfrozen FX Bin - live effects). Even though it would used more CPU this option would have saved me some grief in a recent project where I had to rerecord a guitar track because I had rearranged a song (editing & moving frozen guitar tracks in the process) and then at mix wanted to change the amp model used in Pad Farm plug-in I had in the FX Bin.
I haven't used this partial freezing yet in a full project; it might leave me with a CPU load that is too high for my wimpy processor on a big project. I might just have to get in the habit of making sure my tracks are unfrozen before I move or edit clips. Something new (for me at least) to experiment with.