sharke
Did you try what Glyn suggested and insert Absynth in an FX bin or chain as a synth instead of Absynth FX?
Yep, and it worked like a charm. The thread Glyn cited had just what I needed to figure how this works (and I had some insights into signal routing in Sonar as a bonus). One trick that may not be obvious: you have two MIDI tracks, and if you want to hear sound when playing on the keyboard (as opposed to playing back two linked MIDI tracks already populated with events), you need to remove the autopilot output echo and explicitly turn it on for both MIDI channels. This may seem obvious, but it wasn't to me without a little head scratching required first. But I love that Absynth Aetherizer effect, so this is a welcome solution to have in the bag.
Next challenge is to figure out how do tell Sonar that an effect accepts MIDI. I believe I read how to do it somewhere and expect it can be done when I'd like to send note-on events to a FabFilter effect or similar.
In any case, it's good to learn that this can be accomplished. Granted the setup is a little convoluted, but then it's not something you need to do all that frequently. I still think a MIDI through capability would be sweet, but I can live with things the way they are.
Thanks all for the help.