The idea that a LED will short-out is nonsense. LED's fail by giving off less light, it is usually hard to get them to short-circuit except with massive over-current abuse.
This should work fine and it is simple and so it is a good idea, with the more LED's in parallel, the more reliable this approach will work. This is especially true when running the LED's at less than max. current rating currents of the LED's, while not having very high operating temperatures. The Von of most LEDs in a batch are usually matched fairly close.
Newer LED's are much more rugged than older devices, but I've seen many things, like flashlights and bicycle lights use this approach without any problem over a wide temperature range.
Newer LED's are used in the today easy to find direct replacements for incandescent bulbs and are very reliable even at high temperature. And although the power supply in the shell can fail after thousands of hours, the 20 or so LED's being lit don't.
For example, if one LED in the paralleled group drops in operating voltage(gets a little warmer), the increase in current causes the voltage to again rise across that same LED (to match the V of all the others at the same time) and this tends to equalize current sharing. Even if a LED has a V/I curve like an ordinary diode, it still has a fairly high enough internal resistance that ballasts each LED.