I dont use transparency as i have found this screws up other details that are required.
Here my settings: FYI I ran these on an OOTB config and they work too.
VV - Visual Graphics > Object Styles > MEP Fabrication Category. Set Insulation to Hidden 0.75
Manage Tab > Additional Settings > Line Styles.
Create new Linestyle Named Hidden 0.75 and set the line pattern to Hidden 0.75. Click OK to finish.
NOTE: If your using a grey colour for lining / insulation set the name of your line to hidden 0.75 Grey and pick the same grey colour. This i'll explain next.
manage Tab > MEP Settings > Mechanical Settings. Set Linetype to the one you just created. Ive found that the object style pattern and this hidden line works better when you match them. If these are different colours, the print isnt right.
This is all in metric, but hopefully you will get the idea.
On thing to note is do not apply weights or line styles within your filters and it applies the weight and style to everything within the plus dropdown. Hidden details, centre line, insulation, etc.