A polynomial $f(x_1,\ldots,x_n)$ is a monotone projection of a polynomial $g(y_1,\ldots,y_m)$ if $m$ = poly$(n)$, and there is an assignment $\pi:\{y_1,\ldots,y_m\}\to\{x_1,\ldots,x_n, 0,1\}$ such that $f(x_1,\ldots,x_n)=g(\pi(y_1),\ldots,\pi(y_m))$. That is, it is possible to replace each variable $y_j$ of $g$ by a variable $x_i$ or a constant $0$ or $1$ so that the resulting polynomial coincides with $f$.
I am interested in (the reasons for) the difference between the permanent polynomial PER and the Hamiltonian cycle polynomial HAM: $$ \mbox{PER}_n(x)=\sum_{h}\prod_{i=1}^{n}x_{i,h(i)}\ \ \ \ \mbox{and} \ \ \ \ \mbox{HAM}_n(x)=\sum_{h}\prod_{i=1}^{n}x_{i,h(i)} $$ where the first summation is over all permutations $h:[n]\to[n]$, and the second is only over all cyclic permutations $h:[n]\to[n]$.
Question: Why HAM is not a monotone projection PER? Or it still is?I am not asking for proofs, just for intuitive reasons.
Motivation: the largest known monotone circuit lower bound for PER (proved by Razborov) remains "only" $n^{\Omega(\log n)}$. On the other hand, results of [Valiant](https://web.vu.lt/mif/s.jukna/boolean/valiant-completeness.pdf) imply that $$ \mbox{CLIQUE$_n$ is a monotone projection of HAM$_{m}$} $$ where $$ \mbox{CLIQUE}_n(x)=\sum_{S}\prod_{i < j\in S}x_{i,j} $$ with the summation is over all subsets $S\subseteq [n]$ of size $|S|=\sqrt{n}$. I myself couldn't get a "simple, direct" reduction form these general results, but [Alon and Boppana](https://web.vu.lt/mif/s.jukna/boolean/Alon-Boppana.pdf) claim (in Sect. 5) that already $m=25n^2$ is sufficient for this reduction.
But wait: it is well known that CLIQUE requires monotone circuits of size $2^{n^{\Omega(1)}}$ (first proved by Alon and Boppana using Razborov's method).
So, were HAM a monotone projection of PER, we would have $2^{n^{\Omega(1)}}$ lower bound also for PER.
Actually, why HAM is not even a non-monotone projection of PER? Over the boolean semiring, the former is NP-complete, while the latter is in P. But why? Where is a place where being cyclic for a permutation makes it so special?
P.S. One obvious difference could be: HAM covers [n] by just one (long) cycle, whereas PER can use may disjoint cycles for this. Thus, to project PER to HAM the hard direction seems to be: ensure that the absence of a Hamiltonian cycle implies the absence of any covering with disjoint cycles in the new graph. Is this the reason for HAM not being a projection of PER?
P.P.S. Actually, Valiant proved a more impressing result: every polynomial $f(x)=\sum_{u\subseteq [n]}c_u\prod_{i\in u}x_i$ with $c_u\in\{0,1\}$, whose coefficients $c_u$ are p-time computable, is a projection (not necessarily monotone if the algo is non-monotone) of HAM$_m$ for $m$ = poly$(n)$. PER also has this property, but only over fields of characteristic $\neq 2$. So, in this sense, HAM and PER are indeed "similar", unless we are not in GF(2) where, as Bruno remembered, PER turns to DETERMINANT, and is easy.