Mostly its the RC folk who seem not to understand Sola Scriptura. We have had to sit here and listen to many misrepresentations. I am sure most of these are based on the lack of a studied understanding and not malicious. But erroneous nonetheless.
BTW, arguments from diversity of belief are largely irrelevant. We do not argue divine theology on consequentialist grounds. What is true is true regardless of how well or poorly we fallen sinners have interacted with it.
Nevertheless, given the choices you presented, I would take any of them over transubstatiation, which has no grounding in Scripture or reason, but tends rather to encourage idolatry. It is one of the principal reasons I could never become Catholic, even if I betrayed everything else the Lord has taught me from His word. By the grace of God, I will never give my adoration to a bloodless wafer that has no power to save. My prayer is that He would help me remain true to Him until the end of my days (not too long from now). So with His help, I will bend my knee to no created thing ever, but only to Him, in spirit and in truth.
Good luck with that.
“Nevertheless, given the choices you presented, I would take any of them over transubstatiation, which has no grounding in Scripture or reason, but tends rather to encourage idolatry.”
It is, nevertheless, quite true, as you could find out for yourself—albeit only with great effort.
Oh, and there is scriptural grounding for it; please spare me whatever mental contortions you go through to deny that.