Some here seem to believe, that in low speed the aircraft keeps the last pitch, if the stick is in neutral.
SS neutral at low speed = zero pitch rate demand
What you see at lower speeds (ALT2) with speed bleeding off and with a 'hands off' neutral SS is essentially pitch attitude maintenance while the FPV (if selected) gradually drifts lower (not FP maintenance) as AOA increases.
(No turbulence damping in ALT2.)