He did a great job calling the Logos “the self-revelation of the divine essence...proceeding hypostatically from Him..." rather than the divine essence itself, or saying the Word is the Son. So he doesn't believe the Word (Son) is eternally begotten, but rather something that proceeded from revelation. He also admitted the Word is distinct from God, regardless of it possessing divine characteristics. He also said of the Word "a creating, quickening, and illuminating personal principle" meaning the Word is a function of God, rather than a personal being. He also said of the Word that it “places the subordination of the Son in His dependence on the Father.” So he's a subordinationist too. God isn't a co-equal party to him.
Meyer's isn't an orthodox trinitarian. He resembles more closely proto-trinitarian and binitarian style sects from the post-Biblical period.
He's possibly making an effort to prevent himself as being viewed a modalist, which is something trinitarians always struggle with, but I believe he's more likely a closet Unitarian. He also stops short of ever saying the Word incarnated, saying the Word "appeared bodily in the man Jesus” so the Logos is not who Jesus is, but something Jesus has. He also wouldn't call the Word the creator, but rather instrumental in creation. All of that is exactly what we're saying.
I can see you possibly misunderstood him since all you do is project your companion philosophy onto Scripture.