There are two views on this -
1) (LTE) UE --> eNodeB --> MME --> MSC --> SMSC 2) (VoLTE) UE -->eNodeB -->MME -->IP-SM-GW -->SMSC (SIP Encapsulated SMS Message)
for more details please check http://blog.3g4g.co.uk/2012/02/high-level-view-on-how-sms-works-in-lte.html
If Replay protection will not be supported then what will impact ?