As a follow-up to How to get a regex search-replace yield markup rather than plain text, while the macro is now working when I call it directly with a string (thanks to help from @EricShulman, @Brian_Radspinner and – offline – @telumire) , when I transclude the parameter, the macro seems to have no effect. A demo of the problem is at https://crosseye.github.io/TW5-demos/2023-04-12a/. I’m guessing it’s something easily overcome, but whatever brain rot was affecting me yesterday seems to still be at work. 
The macro is simply a way to allow the tiddler to have data like "H2O" for Water, but display it as H2O. One of my attempted fixes was to replace the macro name “formula” with “chemical-formula” just in case there was some conflict with the field name. As I expected, this made no difference. But that got left in when I made the demo.
Used directly
This demonstrates that the macro is working fine when I hard-code the chemical formula.
Markup
<ul>
<li><$link to="Water">Water (<<chemical-formula "C9H8O4" >>)</$link></li>
<li><$link to="Aspirin">Aspirin (<<chemical-formula "H2O" >>)</$link></li>
</ul>
Result
Used by transclusion
But when I transclude that formula, it’s not showing correctly. Wrapping it in quotes does not matter:
Markup
<ul>
<$set name="currentTiddler" value="Aspirin">
<li><$link>{{!!title}} (<<chemical-formula {{!!formula}} >>)</$link></li>
</$set>
<$set name="currentTiddler" value="Water">
<li><$link>{{!!title}} (<<chemical-formula "{{!!formula}}" >>)</$link></li>
</$set>
</ul>
Result
(Simplified) intended usage
The actual usage will have this running inside a <$list> Widget. The filter is much more complex, but that part is working fine. It’s only a matter of getting the formula to display correctly.
Markup
<ul>
<$list filter=[tag[Compound]]>
<li><$link>{{!!title}} (<<chemical-formula {{!!formula}} >>)</$link></li>
</$list>
</ul>
Result
- Aspirin ( C9H8O4)
- Carbon Dioxyde ( CO2)
- Carbon Monoxide ( CO)
- Chlorine (gas) ( Cl2)
- Dihydrogen ( H2)
- Dioxygen ( O2)
- Hydrochloric acid ( HCl)
- Nitrogen dioxide ( NO2)
- Potassium hydroxide ( KOH)
- Sodium chloride ( NaCl)
- Water ( H2O)
Any suggestions?

