Substantial progress has recently been reported in the determination of the Hilbert-Schmidt (HS) separability probabilities for two-qubit and qubit-qutrit (real, complex and quaternionic) systems.An important theoretical concept employed has been that of a separability function. It appears that if one could analogously obtain separability functions parameterized by the eigenvalues of the density matrices in question-rather than the diagonal entries, as originally used-comparable progress could be achieved in obtaining separability probabilities based on the broad, interesting class of monotone metrics (the Bures, being its most prominent [minimal] member). Though largescale numerical estimations of such eigenvalue-parameterized functions have been undertaken, it seems desirable also to study them in lower-dimensional specialized scenarios in which they can be exactly obtained. In this regard, we employ an Euler-angle parameterization of SO(4) derived by S.Cacciatori (reported in an Appendix)-in the manner of the SU (4)-density matrix parameterization of Tilma, Byrd and Sudarshan. We are, thus, able to find simple exact separability (inverse-sinelike) functions for two real two-qubit (rebit) systems, both having three free eigenvalues and one free Euler angle. We also employ the important Verstraete-Audenaert-de Moor bound to obtain exact HS probabilities that a generic two-qubit state is absolutely separable (that is, can not be entangled by unitary transformations). In this regard, we make copious use of trigonometric identities involving the tetrahedral dihedral angle φ = cos −1 1 3 .