In a previous question, some months ago, I described a continued fraction for which I was trying to find an identity. I finally found what I was looking for, and I will publish an answer to this question in the days or weeks to come by focusing to what was asked at that time. But now, I am opening a separate question for a new interest: Could the conjectured statements below be proved? Do these identities sound familiar to anyone? etc.
My identity finally is:
$$ \begin{array}{lcl} \mathcal{K}\left(a,x\right)&=&\displaystyle\operatorname*{K}_{n=1}^{\infty} \frac{ \left(n+1\right)\left(\left(a-1\right)x-n\right)a}{\left(n+1\right)\left(a+1\right)}\\[12pt] &=& \displaystyle\frac{\left(a-1\right)x-1}{x+1}\; \displaystyle{}_{2}F_{1}\left(1,ax\;; 2+x\;; a^{-1}\right) \end{array} \tag{1} \label{1} $$
Two functional identities
I empirically noticed two functional identities, namely:
$$ 2+\mathcal{K}\left(a,x\right)+\mathcal{K}\left(1-a,x\right) \;=\; 0 \tag{2} \label{2} $$ and (with $\textrm{B}$ the Beta function): $$ \begin{array}{l} 2+\displaystyle\frac{1}{a}\mathcal{K}\left(a,x\right) +\displaystyle\frac{a-1}{a}\mathcal{K}\left(a/\left(a-1\right), \left(a-1\right)x\right)\\[8pt] \qquad\qquad\;=\; ax\left(a-1\right)^{x-1}\left(\displaystyle\frac{a}{a-1}\right)^{ax-2}\textrm{B}\left(x,\left(a-1\right)x\right) \end{array} \tag{3} \label{3} $$ I already told about the latter in another question.
A finite summation
While studying the polynomials from the initial question, I finally found the following summation: $$ \mathcal{K}\left(a,x\right)\;=\; \displaystyle\frac{\displaystyle 2\sum_{k=2}^{\left(a-1\right)x-1} \left(k-1\right){{ak/\left(a-1\right)}\choose{k}} {a\left(\left(a-1\right)x-k\right)/\left(a-1\right) \choose{\left(a-1\right)x-k}} } {\displaystyle\left(\left(a-1\right)x-2\right){{ax}\choose{x}}} \tag{4} \label{4} $$ (when $(a-1)x$ is an integer greater than 2).
A formula for $\pi$
I tried several computer algebra systems and found the hyperexpand function in Sympy to be able of simplifying the ${}_2F_1$ hypergeometric function for many rational cases. My favorite case comes from $\mathcal{K}\left(-3, 1/2\right)$, after some cosmetic changes:
$$
\pi
\;=\;
\operatorname*{K}_{n=1}^{\infty} \frac{
81\left(n+1\right)\left(n+2\right)/16}{3\sqrt{3}\left(n+1\right)/2}
\tag{5} \label{5}
$$
The formula for $\phi^\phi$ in the previous question was also a specific case for the same continued fraction.