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^ I noticed there is a little trick with which you can stay in your party. Just press restart after you're finished, have everyone press ready, then the host can just click on 'Return to town' with everyone still in the party. Though I'm not sure if this works if any of the members are already at their daily dungeon limit.
Transformation itself has a points system now. If you have 300 points, you have 3 'stacks' of transformation. 1 stack fills up by itself, 1 point per minute, while completing a dungeon awards around ~10 points, as far as I have noticed. The 2 additional stacks can only be filled with doing dungeons.
It also says that in the skill description. So basically you can use transformation more often if you do a lot of dungeons, instead of having to wait.
Not a bug, the equipment was never even supposed to be tradeable, so it was actually a bug that it appeared to you as being unbound.
The rest belongs into the Suggestions section.