I wish I had read your intro before I wrote my first response. Your intro does a terrific job of explaining the essence of this program.

It's got everything: Beautiful gothic prose, romance, wild storm-swept seas, a ship-wreck, a monstrous creature, a dark pact, a treasure, folly, pride, and redemption, and a sound thoughtful moral to the story. The Transformation is a finely crafted tale, and I still find it completely engaging, compelling, and thought-provoking all these years later.

Yes, this program was an excellent adaptation of a classic gothic tale. It was perfect for radio because the mental picture was better than any visual presentation could have offered. The sound of seagulls and the crashing seas set a perfect setting for the transformation. I can certainly appreciate your notion that the monster could have been a reflection of our main character's dark side but I prefer to believe the monster is still out there, seeking another victim....makes the story all the more thrilling to me.