-fpic support in libtool?

[Joakim Tjernlund]

Several years ago I asked libtool to support -fpic too but
I don't see it in never libtool(s). I guess it isn't
impl.?

The simplest fix for adding -fpic I can come up with is
doing sed -i 's/-fPIC/-fpic/' aclocal.m4
This is a bit clumsy as one can easily forget
to do this when running aclocal manually.
Is there a simpler way? One that will work both with 1.5 and 2.x
versions of libtool?

 Jocke