We have performed precision measurements of the double-spin virtual-photon asymmetry $A_1$ on the neutron in the deep inelastic scattering regime, using an open-geometry, large-acceptance spectrometer. Our data cover a wide kinematic range $0.277 leq x leq 0.548$ at an average $Q^2$ value of 3.078~(GeV/c)$^2$, doubling the available high-precision neutron data in this $x$ range. We have combined our results with world data on proton targets to extract the ratio of polarized-to-unpolarized parton distribution functions for up quarks and for down quarks in the same kinematic range. Our data are consistent with a previous observation of an $A_1^n$ zero crossing near $x=0.5$. We find no evidence of a transition to a positive slope in $(Delta d + Delta bar{d})/(d + bar{d})$ up to $x=0.548$.