IMHO
neutrality implies no alteration of the signal, whatsoever.
i have used the term "virtually" neutral to imply no audible coloration. of course this is a subjective term.
transparency is a subset of neutrality. it implies a perfectly clear window on the recording.
The two terms are independent. (no subset implied)
let me illustrate. suppose an amplifier has a slight deficiency in bass reproduction, e.g., it cannot reproduce any frequencies below 40 hz. that amplifier would not be considered a neutral component.
Actually it means it has an abbreviated frequency range. It can still be considered neutral.
if said amp reproduced all "information" on a recroding within its range, i.e., above 40 to whatever, without covering up any detail, it would be a transparent device.
thus transparent includes the pssibility of an error, but also implies the passing of all information within the range or capability of the component.
If a component is truly transparent, there will be no errors. That is why subjective terms such as "slightly veiled" "slightest ringing" etc. etc. are used to describe the transparancy. I know of no component that is transparent.
A component can be warm,neutral or cool and have a range of subjective transparency.
IMHO