Optimal receiver for a binary system employing waveform $s=A\cos^{2}(\pi f_c t \pm \alpha)$
Awesome, your transformation into a sum of a constant and a cosine is wonderful!
Since both signals are cosines shifted from the origin by the same $\frac A2$, that doesn't chang their euclidean distance.
Thus, subtracting $\frac A2$ doesn't change your decider's error rate. Also, it's technically super easy – just a high pass filter that removes the constant, no matter what it was.
The you're left with
\begin{align}
\tilde s_1 &amp;= \frac A2 \cos(2\pi f_c t + 2\alpha)\\
\tilde s_2 &amp;= \frac A2 \cos(2\pi f_c t - 2\alpha)&amp; \beta := 2\alpha\\[1.5em]
\tilde s_1 &amp;= \frac A2 \cos(2\pi f_c t + \beta)\\
\tilde s_2 &amp;= \frac A2 \cos(2\pi f_c t - \beta),&amp;0&lt;\beta&lt;\pi
\end{align}
Now, IQ-mixing this down with $f_c$ will indeed give us some phase-modulation-type thing, with the two constellation points with $\pm \beta$ as phase – but that's not a BPSK, since that is not always a phase difference of 180°!
However, it's always symmetrical to the I-axis in your constellation diagram. So, you can just remove the real part of your baseband signal and end up with something where the sign contains all the information.
Note that this, geometrically, is a Maximum Likelihood decision only if your noise distribution (which haven't told us) is is symmetrical after the transformation – which is the case for the usual complex Gaussian noise we assume, but I'd be careful whether that's the right assumption here - such non-symmetric PSK constellations are (surprisingly) actually used in a couple of cases, most of which involve interesting residual carrier systems with nonlinearities that shape the noise in a non-symmetric way.