Can I define (substitute for) the word 'albeit' as 'regardless'?

Question

We hear a song from our past and are transported back to a memory from long ago, albeit a good or a bad one

link to the sentence

Answer 1

albeit is synonymous with although (it be) not though it may be. You can use whether it be or though it may be instead of albeit.

albeit has a slightly musty smell, like an old book store.

This is the most direct route to the town, albeit a dangerous one. Brigands are known to rob travelers at musket-point along it.

The most contemporary way of expressing your idea is probably though it may be.

Answer 2

In this sentence, "albeit" is best translated as "although it might be."

We hear a song from our past and are transported back to a memory from long ago, although the memory might be a good or a bad one