Mike, if you know a recording to be dynamic from hearing it on various systems, and then you play it on a system that you describe as transparent but the music sounds cold, flat and lacking "boogie factor", do you maintain that that system is still transparent to the information on the recording? What you describe here to me is not transparent because it obscures or distorts the dynamic information on the recording. I agree that it is not tonal distortion, but that information does not come through and is not heard, or (seen) experienced. What if the system can not portray the scale, the imaging, presence that is on the recording? Can it still be transparent?
I think I view transparency, like resolution, a bit more holistically that is common in the hobby. I agree the concepts are distinct, but to me, dynamics is a subset and an attribute and is characteristic of a system that is both highly transparent, and highly resolving, just like imaging, scale, and presence are. Without these subsets, the system is not truly transparent or resolving to me. It is not just about hearing the maximum amount of information on the recording. It is also how well it is presented. I know my view on this is uncommon.