Flexible Formulaic Magic and Ritual Spells

If you have learned a ritual spell, can you use Flexible Formulaic Magic to lower the parameters (for example Target Boundary to Structure) and make it a non-ritual spell? Or does it remain a ritual spell even with lowered parameters?

I am pretty sure since it starts as a ritual spell, you cant use the Flexible Formulaic Virtue on it as the virtue needs to have a formulaic spell to work on.

Haven't noticed that ritual magic isn't considered formulaic anymore. And the virtue actually says it doesn't work on ritual magic. So yeah, issue solved, I guess.