When its an adjective with no propaganda and vitriol being spewed about it, its murkier. But when you say "trans-(wo)man" or "black-(wo)man" or something like that, even though it is grammatically acceptable I believe, you risk the implication that the object you describe is a distinct, other object from a "normal" (wo)man.

Edit: also, thank you for editing your original comment - not many are as open to feedback