idk, i'm not sure about wording. erlang abstract form still is erlang source, it's ast of erlang source text. one call to erl_prettypr:format and text source is back. word 'transpiler' is still there and there is nothing "pejorative" in it, it's transpilers all the way down everywhere.
but talking pejorative, i was surprised. my opinion of gleam was already pretty low, but i did not expect to see post-1.0 compiler emitting text erlang source. maybe it's not that good of idea to implement compiler in language completely foreign to target ecosystem.
I don't think your "it is source as you can convert it back into source" argument holds water as all the Erlang formats can be decompiled into Erlang source code, including the final bytecode itself.
I think you're overthinking the cost of compiling to source, and also underestimating how common it is.