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A quote and thoughts regarding Shen Yuan's opinions on Liu Mingyan and the "sexiness" of the Liu Mingyan versus Sha Hualing setup. He knows what he should be feeling in this situation as a "normal straight guy", but I don't think he's actually feeling it.
"Shen Qingqiu was very fond of this female lead, and it wasn't only because Liu Mingya's beauty points were the highest. It was also because she had great poise. She always understood the big picture and grasped the general situation, and her conduct was fair and honest. Even in Luo Binghe's gigantic harem, a wife with both intelligence and moral character was rare.
There was one more appeal factor. Liu Mingyan was the only female character for whom Airplane Shooting Towards the Sky didn't write detailed sex scenes. Many readers had been highly dissatisfied with this arrangement, to the point that they spammed the comments with their ranting, but this had given Liu Mingyan something no other female lead had: an image as clear as ice and pure as jade!
Can't be helped, the unobtainable ones are always the best.
[Sweatdropping shrug kaomoji that I can't type out.]
This was what made the second match worth watching. An evil demoness naturally demanded a righteous saintess as a rival. Every man dreamed of being caught between an angel and a devil. To watch them jealously vie with each other over him one moment, then risk life and limb for his sake in the next - that was the highest, most sacred, perverted fantasy of every male organism. He could drunk off the wild, untamed charm of the wicked seductress, and at the same time his heart would ache for the austere taste of the pure saintess who kept pulling him closer only to push him away!
One had to admit, "Great Master" Airplane was genuinely good at nailing what people found satisfying. Shen Qingqiu couldn't help giving Luo Binghe another glance.
Luo Binghe found it very hard to not care about that gaze. Why exactly did Shen Qingqiu keep looking at him? Was it possible that Shizun... really had an interest in him?"
Volume 1, Chapter 2, pages 111-112.
I'm not sure where to start with this! It's a lot! I'll just work backwards: it is very funny to have Shen Qingqiu repeatedly looking towards Luo Binghe, trying to see Binghe's reactions to Sha Hualing and Liu Mingyan, and Binghe's just like, "Shizun is looking at me???" I think "interest" in this case just means interest in Binghe as a disciple with potential, rather than anything else. Binghe is not paying any real attention to Sha Hualing or Liu Mingyan's attractiveness.
Oh! A rare compliment towards "Great Master" Airplane! Shen Yuan, don't strain those rarely used muscles!
I do find it amusing that Shen Yuan refers to Liu Mingyan as "moral" and "righteous" and "pure" here. The vibe I got with Liu Mingyan is that she sided with Luo Binghe to take down her brother's murderer, which I would agree is righteous and abides by a set of morals. But the first few pages of SVSSS inform us that PIDW Luo Binghe viciously destroyed the great cultivation sects, which means that PIDW wife Liu Mingyan either helped or stepped aside when a whole bunch of murder happened.
And the "my favorite wife is the one with no (or limited) sex scenes" is a classic Shen Yuan moment and one of the reasons he reads as being strongly on the asexuality spectrum to me. The way that he talks about heterosexual "male" desire gives me the same vibe. Like he's separated from it. Like he knows this is what he's "supposed" to feel and he just... doesn't... and it's possibly hard for him to recognize what sexual desire feels like (as opposed to, say, general sexual arousal that doesn't necessarily have a target) if he's never actually experienced it himself. He knows what he should be feeling if he was the "every man" reader of PIDW.
Even when he talks about Sha Hualing and Liu Mingyan's appeal, he says "wild, untamed charm" and "pulling him closer only to push him away" as the key components of the fantasy. Like, "being flirted with" and "being fought over and fought for" and "appreciating a distant beauty" are more important than "having sex". "The most appealing thing about Liu Mingyan is that she wouldn't actually go through with trying to have sex with me," says Shen Yuan.
He's like, "Oh, I can recognize that Liu Mingyan and Sha Hualing are physically attractive, that probably means I'm an Ordinary Straight Man." Even though the way that he talked about Liu Qingge's looks in the Ling Xi Caves was... not very heterosexual... and here, he mostly seems excited just to see one of his favorite characters.
Admittedly, Sha Hualing appears 15-16 here and I think Liu Mingyan is around the same age (she doesn't have her spiritual sword yet), so Shen Yuan is probably also not attracted to them just because they're teenagers. (I do not interpret him as sexually or romantically interested in Binghe at all at this point in time.) I headcanon Shen Yuan being 20-ish at this point in time, so he's probably not that much older than SHL or LMY, but they're probably around his younger sister's age (Shen Yuan's younger sister was old enough to be reading non-con, gay, BDSM erotica.) Sha Hualing shows up half-naked and Shen Yuan is just like, "Where are your shoes? Did you walk here like this? Wasn't that painful?"
In my opinion, Shen Yuan seems a little... relieved... to think that no one could be sexually or romantically interested in the scum villain. He does lament that it's hard to get a girlfriend like this, sure. He does think that he's going to die and that he'd eventually lose any woman to Binghe, so there's no point in trying. But he really, really does not try. "Oh, I can't pursue anyone because they'd never be interested in me! How frustrating! ...Anyway! Moving on to enjoy the many other little pleasures of life! Like food and monsters!" I think the closest he comes to flirting with anyone is when speaking to Liu Qingge in the Ling Xi Caves, while Liu Qingge is coughing up blood, and that did not seem intentional.
I think if he had transmigrated into any other character, who wasn't an "unappealing" villain, Shen Yuan still wouldn't pursue women. I think he'd be like, "Well, I want a beautiful woman, because I have standards! But all beautiful women belong to the protagonist, and no one is better than Binghe, there's no way I'd win that competition, so there's no point in trying!" At which point, it's just like, "Shen Yuan, anyone becomes beautiful when you love or like them; I don't think you actually want to fuck women."
I think if Shen Yuan had transmigrated in as Luo Binghe, he still wouldn't try to pursue women. He'd be like, "I'm just raising my standards for the harem! Some of those wives were not very intelligent or in possession of good moral character! Nearly three-digits is disrespectful to the better wives! I'm only interested in especially beautiful and skilled women, like Liu Mingyan, who's perfect! (And also won't try to have sex with me.)"
Like, I am not against a bisexual Shen Yuan. I am willing to be persuaded to go along with many different interpretations! But he does read to me generally as a gay asexual / demisexual who hasn't yet realized that a desire to be fawned over and an ability to recognize beauty is not necessarily the same thing as sexual attraction. (I do think he is attracted to Binghe after Binghe gets back from the Endless Abyss, but his feelings there are tied up in his very real, reasonable fear of murder and mutilation.)