I thought that 'Transpose' in Sonar was a midi function, that alters the note numbers up or down, and that it would not affect audio. (Perhaps I am wrong about that - I never use the function so have no real clue one way or the other).
I believe you can do this with either V-Vocal or Melodyne. If doing with V-Vocal, I believe there may be issues if you do too big a selection of clip at a time - at least it used to fail if too big a clip was done at once. So, with V-Vocal, I recall doing small chunks at a time.
I believe Melodyne has the same sort of functionality available, and if you are moving an that small an interval (1 half or 1 whole step), then I don't think it will create many (if any) noticeable artificats.
I would consult the documentation or find some YouTube videos on either of the above.
I use the Key Signature change function just to keep things represented in the correct key, if midi tracks get sent to something like Finale for printing scores and such.
Hope any of the above helps,
Bob Bone