image transparency for ELF UI controls is not what you think it is. transparency on icons and images for use in a UI is NOT real alpha.
For example, you have an image in your formLayout background, and an iconTextButton on top of it with a "transparent" image as it's icon.. you will NOT see the underlying image in the transparent colour of your icon image.
Image transparency for UI controls only works on buttons, and ONLY shows the default OS background colour through, and that is all. The only point to having transparency at all on maya UI buttons is so that when the user changes thier system theme to a non-grey colour, the icons wont have a grey background.
EVEN if you create a MAYA UI and set the -bgc flag to something, say red, the transparent colour in your images over this will still appear as the OS UI colour (i.e. grey)
perhaps the problem you're having is related to this..?
:nathaN