my emphasis
I'm of a similar mind certainly from a theoretical standpoint, and have little interest in using power cords to 'tune' the sound of my system.
Within my limited grasp of electricity I'm told that the electricity in my house can have "noise on the line." I'm told this can come in from the street (possible though not so much), can come from appliances in my house (more likely) and from the components of my audio system (more likely still.) I'm told this line noise can result in distortion of the audio signal and/or poorer sound. Some audiophile power cord manufacturers claim to reduce or eliminate this noise, and, of those that do, I certainly hear differences in sound with and without such cords in use.
In the context of this discussion, I gather that "neutral wires" are those that don't intentionally alter what comes off the wall or attempt to change the state of the electricity within the audio system, eg. noise induced by components onto the line, switching power supplies, etc.
So... assuming line noise is a reality, is line noise distortion? Or is the removal of line noise distortion or lead to sound distortion?
David, I'm guessing your view is practical and says: remove the audiophile power cords to achieve a neutral baseline.
Where I struggle is with the question: "what is neutral?" Is neutral the native electricity coming off the wall and what's within the audio system? Or is neutral the absence of possibly electrically altering audiophile power cords? (What I might call "tweak minimalism".)
My second question, if I may is: where do you stand wrt manufacturer supplied power cords vs. say, the Ching Cheng? If it depends on the manufacturer's cord, let's use Lamm supplied power cords as the example. It sounds like Stever replaced his Lamm front-end component cords with Ching-Cheng. Are the native cords not neutral?
The short answer is you don't really know enough to ask the right questions here.
First truth is we don't really even know why they sound different. Many will describe frequency changes, emphasis, etc, but there's no way to control that deliberately - and even more so there's no measurements that show the differences despite them being very audible (zero changes in any frequency levels have ever been measured). You make cables in different ways and see what you get...
But because they all sound so different people do tune stereos with them.
What isn't really a factor is the noise from the line. The design of the power cord can do almost nothing to change that. And even what can be done, the CC's do almost nothing - they have the most ordinary configuration possible. So there is no connection to "reduced noise" from CC cables. There are more complicated subjects associated with power cords but nothing really worth getting into too much. CC's have simple parts that are solid at the ends (requirement for hospital grade).
When David says neutral he means the sound, and only the sound. They don't cause any problems, and are even across the board. There is no feeling of "emphasis". They don't make any parts of the music distracting, or let you down on others.