I think "woman with penis" and it being OK, is some kind of identification thing.
I, and plenty others, find it difficult if not impossible, to identify with this. But that does not mean EVERYONE feels that way. It's just that some do feel quite strongly the a female has a vj - and that's that.
It is however interesting that even if the "woman with penis" concept is considered just fine, then how come, we when pre- or non-op, go on about tucking and hiding it away, going on about breast growths, and the like?
This is not to be adverse, it just begs the question - at least for me.
Why not then simply present like a male or what ever, including genitals – and make your case that you are a female. Period. What's wrong with that?
In my case I know the answer... it was GID/GD.
I do recall also, that when I spoke to my shrink about it, I expressed that I felt is was some sort of "imposition" to any male to expect to be OK with a penis on a female partner. Personally "I" could not get my head around that – and it may well be my very own limitation. We all have our limits, and so have I.
Now those are just MY thoughts and feelings, and: 'what we can not feel - we do not understand'. Period.
BTW, I also did NOT have any major dysphoria with my former genitals. I sort of "tolerated" them, - and they where fine to get off i.e. I could touch them just fine. But, they got 'emotionally' in the way of my transition. Like a rucksack I was wearing, pretending there was no rucksack, yet there was.
It was MUCH more a sense of lacking some sort of completeness/convergence and is was this, that was the driving force, and a VERY powerful one, that made me seek out SRS.
The OP speaks about "reasoning" ... the above are my 'reasons', yet in the end it is ALL tied to emotion and VERY little to reason actually.
It is this that can makes transition for some such a horrendous trip into the unknown.
If you (emotionally) are clear what it is you want/need, more then half the battle is won. It's the way I can say this for myself.
YET - we ARE all different when reason alone just does not cut it.
Axélle