In the first part of my question I will provide some background info as a service to the community. The second part contains the actual question.
Part I
\ls only quotes the first character rather than the whole word. It's equivalent to writing 'l's.
You can verify it like this:
$ touch \?l
$ \??
bash: ?l: command not found
If \?? quoted the whole word it would say ?? not found rather than ?l not found.
I.e. it has the same effect as:
$ '?'?
bash: ?l: command not found
rather than:
$ '??'
bash: ??: command not found
Historically, and maintained by POSIX, quoting any part of the word causes the entire word to be considered quoted for the purposes of functions and alias expansion. It also applies to quoting the end token for a here document:
cat << \EOF
this $text is fully quoted
EOF
Just for completion, here's yet another way to suppress alias & function lookups (by clearing the entire shell environment for a single command):
# cf. http://bashcurescancer.com/temporarily-clearing-environment-variables.html
env -i ls