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So, I'll ask it again, does shtml have any affect on serp?
According to Google, no.
[webmasterworld.com...]
I would tend to agree. I have no evidence at this point in time that .shtml file extensions have a negative impact on search engine rankings. Some believe that it's always better to have a .htm or .html extension, but I haven't seen any verifiable tests proving this.
for some security reason
If he really meant "security", he's misguided.
If he meant "performance", then that's understandable. If you turned on SSI for all .html extensions, every page would have to be run through the parser.
AVWildman, why don't you run a few tests and put up some shtml. With Google indexing almost every day, you'll be able to see your results fairly immediately. I think it's the only way you'll be able to see for yourself what is working and what is not. :)