I'm calling Pegasus crap on that. Due to the small mass of the poop, the forces on it would slow it down or blow it apart instead of allowing it to boil away any water. The only way this works for space born objects is because of their large mass. Smaller massed space born object entering earths atmosphere do not even get burned up. And it isn't the air friction that burns meteorites up, it is the air PRESSURE, which for objects of low mass would very quickly bleed off any kinetic energy they had. Air lacks density to a point that the faster you move air past an object the more it cools it (this is how the ancient dome refrigerators worked, and why airplane wings can snap frost over when hitting takeoff speed), but anywhere on the object that experiences positive pressure (compression) will heat up.
But let's pretend the above did not exist: What would happen if the poo somehow had the mass to stay moving fast, and didn't blow up. And what if it somehow heated up enough to "boil all the water off". One, poop is 75% water. http://www.britannica.com/science/fecesfirst few paragraphs. And of the 25% of the non-water mass only 10-20% of that is inorganic compounds. So if that happened you would lose 75% of the mass, and would potentially end up with a foam of bacteria/protein/fat and a little mineral content. One, this foam would act as an insulator, preventing heat from getting to the inside. Two, this foam would disintegrate.
Either way, there is nothing that would make the poo be deadly unless released right next to the pony under attack, and going at speeds near the speed of sound that close to a pony would be more dangerous than the poo. The sonic boom at such close proximity could kill on its own.