Live fused, neutral fused, ground to neutral, the GFI will go SCREEEEEEEE and disconnect L/N if something fails but keeps ground.
Ground is regular ground, the N is floaty since it's on the transformer.
Ya I have a small isolation transformer, I just use it for my electronics, the beefy stuff like blower, band saw, table saw all go their own breaker.
I'm still digging for a transformer though, because then I can do stupid things with those inductors.
Edit: I give up, I only have teeny tiny things that are 1:1 and 1:2, all of my higher wattage buggers are from 1:10 to 1:Tesla