Distinction between meaning of racial minority vs. racialized minority

Because the subject is a hot point, often limited to academia, and about a verb that has yet to enter general consciousness (even in some dictionaries), this question invites speculative answers and perhaps even emotionally charged responses (i.e, downvotes, or rude remarks). Even so, I will risk it, but I would ask for mercy, please.

First, a quick look at Google Books shows racialized minority with a healthy 5,000+ hits.

In the broader sense:

There is no "substantive distinction," or more specifically, significant semantic difference between the adjective racial and the verb racialized. As pointed out in the comments section, a racial minority implies that such a portion of the population has been already racialized. In some contexts, they could be used interchangeably.

For the distinctions (differences):

The most meaningful contribution of verbing race (racialized) is to expose the largely unconscious practice of producing race. Consider, then, that the phrase racial minority is significantly older than racialized minority. So, they invoke different times and distinct constructions of meaning (to which we cannot go on here)

In fact if you look at them together from the perspective of Critical Race Theory, you could appreciate how the term racialized minority is unmasking the trouble with racial minority, namely, that it assumes and accepts the racialization process.

1- Racial minority - group taken for granted to belong in a racial category

2- Racialized minority - a group that is being assigned/categorized in a racial hierarchy

By using the verb (racialized) you are doing both, pointing to the process and distancing from it.