We examine isovector and isoscalar neutron-proton correlations in an e
xactly solvable model based on the algebra SO(8). We look particularly
closely at Gamow-Teller strength and double beta decay, both to isola
te the effects of the two kinds of pairing: and to test two approximat
ion schemes: the renormalized neutron-proton quasiparticle random phas
e approximation (QRPA) and generalized BCS theory. When isoscalar pair
ing correlations become strong enough a phase transition occurs and th
e dependence of the Gamow-Teller beta(+) strength on isospin changes i
n a dramatic and unfamiliar way, actually increasing as neutrons are a
dded to an N=Z core. Renormalization eliminates the well-known instabi
lities that plague the QRPA as the phase transition is approached, but
only by unnaturally suppressing the isoscalar correlations. Generaliz
ed BCS theory, on the other hand, reproduces the Gamow-Teller strength
more accurately in the isoscalar phase than in the usual isovector ph
ase, even though its predictions for energies are equally good everywh
ere. It also mixes T=0 and T=1 pairing, but only on the isoscalar side
of the phase transition.