It was my understanding that a several factors affect transfer mechanism in wire fed processes:
Shielding gas composition
Filler metal composition
current density
electrode stick out and feed rate
welding power source inductance (the pinch affect)
By far the most obvious factor is Shielding gas composition: As it was explained to me the arc will create plasma around the electrode. The disassociation of CO2 into it's elements will create a plasma force that acts opposite to the direction of metal deposition. Thus this force counter acts gravity and the ark force and prevents the droplet from breaking off cleanly and instead forming heavy globs. I can't remember the technical explination but welding atmosphere also affects liquid metal surface tension I believe due to molecule properties at the boundary between the liquid and the atmosphere. This surface tension affect is independent of gas properties that cause cause more liquid or sluggish weld pools. I can't find a reference on this right now, anyone care to elaborate or refute this?
However other factors play rolls in transfer mechanism
Filler metal composition also affects surface tension of the droplets, and inductance. For steel alloys this mainly comes in the form of deoxidizer and alloying elements. This is most obvious as Stainless steel filler material is generally considered to act much more "sluggish" than carbon steels and I believe additional carbon content has the same affect?
Current density is perhaps the most relavent here, because of the tubular nature of FCAW wire the current density will be much higher than solid wire GMAW, This also helps affect a generally lower arc voltage which may reduce some of the negative aspects of CO2 plasma by reducing it's intensity (but I'm not sure if that's correct). To my knowledge FCAW is ALWAYS considered to be spray transfer regardless of gas composition given that the correct gas is used as specified by the manufacturer and proper settings are in place. Such as the 100% CO2 fcaw wires which most definitely can run in spray transfer
electrode stickout and feed rate play a small role in spray transfer as this determines the degree to which the wire is preheated before reaching the arc. Anyone who has welded GMAW or FCAW can attest that varying stickout while welding can drastically affect weld quality and sound. stickout is a significant issue in robotic welding applications at high travel speeds and wire feed rates.
Finally the inductance of a welding machine has an affect on arc properties and transfer mechanism (slightly)
http://www.esabna.com/EUWeb/MIG_handbook/592mig3_7.htm and while inductance is primarily considered a property of short circuit transfer, it is still present in spray and globular transfer. The reason this is a notable is that some power sources do not allow for the adjustment of inductance and instead have an ingrained inductance curve that varies with amperage. This means that at varying amperages you could have a desired (or not) amount of inductance
Basically my point is that spray mechanism is determined by more than just filler metal composition. To my knowledge FCAW is ALWAYS considered spray unless otherwise noted and more so it definately is not bound to the 80% CO2 "rule" which is really more of a guideline as you can achieve spray transfer with 75/25 using 0.035 GMAW wire given a high enough current density I believe around 36-42v would be the transition voltage, but these settings are far from practical or generally considered usable with 0.035 wire.
Please someone correct me if I'm wrong on any of this information this was all off the top of my head as I sit here in between studying for finals