welcome to the forum,
yes, that is correct and has been discussed, in detail. can search the forum.
--fast-listing does nothing on a mount.
--transfers has nothing to with file listing.
--vfs-cache-mode has nothing to do with file listing.
might read my summary of the two rclone vfs caches.
https://forum.rclone.org/t/status-about-using-rclone-for-music-storage-playback-in-2021-access-times-improved/27648/34