Hoping on the hopeful - Part 2

I haven't studied for decades on this subject, so this is most definitely not the main article to read on this subject. I'd like to show whether or not the transfer takes place through faith in Jesus' death & resurrection or not. Obviously, at some level, the most important things to agree on are the statements of faith in the accomplishments of His death. His death accomplished a reconciliation of man to God. It was accomplished by God, and it was that act done in that way that signifies His Love for us. Now, why, to take this head on, is this a display of God's love?

1 John 4:10 In this is love, not that we loved God, but that He loved us and
sent His Son to be the propitiation for our sins.

What it could be if the transfer isn't a part of this great act at all:
To be honest I can't see this side. Until I do further reading this will remain short because I haven't had time to complete my research. I've had the conflicting ideas - was there a transfer? wasn't there? - for about a week trying to see if the idea that no transfer took place could work. I came to a simple conclusion - much deliberation has made me say this because I don't think I'm wrong, but I can't see how the alternate viewpoint has come about. If there was no transfer then Jesus had no need to die. All he needed to do was come and teach the things he wanted to and then leave again. He turned the world upside down, but that would matter. This gives no hope. The sacrifices of old were of no use because they could only take sin away, not give righteousness. The spotless lambs, sacrificed for the people of Israel were representations of righteousness, but they weren't righteous.

The transfer takes place:
This is love. Jesus, on the cross, bore our sin. He was made to be sin. He was more than a spotless lamb, because he was completely clean. His status before God was RIGHTEOUS. God looked down on Him day after day and was utterly pleased with His Son. Jesus pleased his heavenly father in every way. He was utterly obedient. Obedient to death, even death on a cross. In that moment, where Jesus hung between earth and sky, Jesus took onto His shoulders the sin of the world. In that moment Jesus' Father could not look at Jesus, because God cannot look at sin. In that moment Jesus offered His perfect righteousness up to God as a sacrifice for the perfect unrighteousness of the world. The wrath of God toward sin was poured out on Jesus. This is love. That Jesus would die for me. My sin. My whole status of rejecting was replaced with Accepted.

The penalty of sin is death.

In James it says that if just one part of the law is broken, it's as if the whole of the law is broken. It doesn't matter if you've only committed one murder ever, you deserve to die. But Jesus died. He died for us. He took the punishment that sin deserves. He took our sin, and I, in my insignificance, weakness, and undeserved state, take His righteousness. He counts faith in this foolish message of a homeless peasant dying somewhere in the Roman Empire 2000ish years ago, but also His triumphant resurrection as complete proof and utter hope, as righteousness.

For those who know much about the other side to this 'argument,' feel free to respond.