You raise a good point. Although it's not clear to me that the code language draws a distinction between your two examples; it depends on how you interpret the word "circuit."
2017 NEC 310.15(B)(5)(a) says "A neutral conductor that carries only the unbalanced current from other conductors of the same circuit shall not be required to be counted . . ." Reading this fresh, I have no idea what it is trying to say. In any circuit, with a consistent sense of positive current, the sum of the currents in the circuit conductors will always be zero; otherwise charge would be accumulating in the downstream portion of the circuit. From this point of view, any single conductor always carries only the unbalanced current from all the other circuit conductors, in that if the other circuit conductors currents sum to zero, the conductor current will be zero; and if it not, the conductor current will be the negative of the sum of the other conductor currents.
But clearly 310.15(B)(5)(a) does not intend to exclude the neutral conductor of a 2 wire circuit. I was hoping that the definitions in Article 100 would let us say that a 2 wire circuit does not have a neutral conductor, but a neutral conductor is defined as a circuit conductor that is connected to the source neutral point.
Cheers, Wayne