If they just did that, I would totally agree with you. But they didn't do just that. They also reversed it. We could say the same thing about explicit inclusion, that they are not considering Ritual spells a subset of Formulaic spells, and with the same certainty not be able to read it otherwise. Since they've done it both ways, at least one of them must be for clarity, and we don't know which one; that means we cannot ascertain anything from this. Here are the cases I've seen:
p.42: Flexible Formulaic Magic includes Formulaic spells and explicitly excludes Rituals.
p.58: Poor Formulaic Magic includes Formulaic spells and explicitly excludes Rituals.
p.83: The non-Ritual options include both Formulaic spells and Spontaneous spells while explicitly excluding Rituals.
p.86: Spell Mastery includes Formulaic spells while explicitly including Rituals.
p.92: Faerie Magic includes Formulaic and Spontaneous spells while explicitly including Rituals.
p.98: Attunement bonuses include Formulaic and Spontaneous spells while explicitly including Rituals.
p.115: General spells include Formulaic spells while explicitly including Rituals.
I don't think anything can be concluded based on there being one more inclusion than exclusion, either. That's close enough to an even blend of the two. As none of these would need errata either way and there are plenty of each, all we can really know is that many of the are there for clarity; they imply nothing more.
On top of that, there are a whole bunch of non-exclusionary statements that must be exclusionary to avoid a contradiction. There are a great many statements that require them to be separate. This is why there are so many items to put in the errata if this decision is made. There is only one spot I've found (just did) outside the glossary that pushes strongly toward Ritual Magic being a subset: p.111's "Level Guidelines."
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However, now that I've found it again, there is one statement that, outside of not using the word "subset," is an explicit, core statement that Ritual spells are not a subset of Formulaic spells:
(p.115) Spells requiring rituals are those that fall outside the categories listed for formulaic and spontaneous spells...
Outside of using the word "subset," there can't be a much more direct an inarguable statement that the book specifies Rituals are not a subset of Formulaic magic. That's because this distinctly and clearly places Ritual Magic as a subset of the complement of the set of spells that can be done with Formulaic/Spontaneous Magic.
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Yes. And the same is true for Cautious Sorcerer (though technically unnecessary here), Method Caster, and Mythic Blood, as well as for learning a spell from Twilight, Verditius magi casting spells, and designing spells with odd R/D/T. The only two that really gives me pause is Mythic Blood and alternative R/D/T. With Mythic Blood losing no Fatigue is very far from losing 1-3 Long-Term Fatigue Levels, and the jump from 0 to 4 is rather abrupt. Of course, Mythic Blood is pretty weak in general so making sure it gets a noticeable boost wouldn't be a bad thing.
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Here are more items for the errata if Rituals are made a part of Formulaic magic. I'm including the three from above so David can have all the potentially new errata in one place.
p.59: Slow Caster becomes contradictory, as Rituals would now be listed with two different times. The beginning of the second sentence should be changed to "Your non-ritual formulaic spells take two rounds to cast..."
p.81: (This is a whole bunch rather than one.) Many items become contradictory because there would be two sets of rules for Rituals. Some sort of exclusionary statement would be needed. The upper box should probably be labeled "Non-Ritual Formulaic Magic." The third title in the left column should probably be labeled the same "Non-Ritual Formulaic Magic" and its formula "Non-Ritual Formulaic Casting Total." That gets rid of a large portion of the new contradictions. But the paragraphs under that third title need to be edited similarly, probably more simply with things like "these Formulaic spells" rather than "Formulaic spells."
p.94: "Formulaic spells are a major measure of your power because they determine those things you can do easily and predictably." This would be better if changed to something like "Non-Ritual Formulaic spells are a major measure of your power because they determine those things you can do easily and predictably." The reason why is the book has already devoted a large portion of a page to explaining that Ritual Magic is not easy (very tiring) and adding lots of botch dice as well as requiring a stress die (making them less predictable).
p.114: "Ritual spells take longer to cast than formulaic spells and require vis." This would need to be changed to something like "Ritual spells take longer to cast than non-Ritual Formulaic spells and require vis."
p.114: "Formulaic and spontaneous spells may not have Year duration." This would need to be changed to something like "Non-Ritual Formulaic and spontaneous spells may not have Year duration."
p.114: "Formulaic and spontaneous spells may not have Boundary target." This would need to be changed to something like "Non-Ritual Formulaic and spontaneous spells may not have Boundary target."
p.114: "Formulaic and spontaneous spells may not have a level greater than 50." This would need to be changed to something like "Non-Ritual Formulaic and spontaneous spells may not have a level greater than 50."
p.115: The essentially explicit statement that Ritual spells are not a subset of Formulaic spells, "Spells requiring rituals are those that fall outside the categories listed for formulaic and spontaneous spells...," would need to be deleted or changed entirely.
p.160: Wizard's Boost (which I know is receiving changes anyway) says, "This does not allow spontaneous or formulaic spells to reach Year duration or Boundary Target, unless the Wizard’s Boost is a ritual." It should be changed to something like, "This does not allow spontaneous or non-Ritual Formulaic spells to reach Year duration or Boundary Target, unless the Wizard’s Boost is a ritual." Or "This does not allow spontaneous or formulaic spells to reach Year duration or Boundary Target, unless the original spell and Wizard’s Boost are rituals."
p.225: The formula for Formulaic Magic should be changed to something like "Non-Ritual Formulaic Casting Total" to avoid contradictions for Rituals.
If the decision is made to leave Ritual Magic out of Formulaic Magic, this one should be fixed:
p.111: The "Level Guidelines" paragraph should explicitly include Ritual Magic alongside Formulaic Magic and Spontaneous Magic.
Regardless of the decision, it might be good to look again at Cautious Sorcerer (p.40), Life Boost (p.44), Method Caster (p.46), Mythic Blood (p.47), learning a spell from Twilight ("New Spell" on p.89), Verditius Magic's casting tools (p.93), and alternative R/D/T (p.114). In each of these cases an explicit comment about Ritual Magic for clarity would be helpful. None of them technically need errata regardless of the decision, but these are all cases where more clarity would be helpful.