> But I didn't put a volume control inside a feedback loop
But when you turn the knob down below about 25%, there isn't any NFB. So what's your objection?
> Control within a feedback loop is done every day, in fact some circuits use it as a means of controlling the volume.
Well, either you have effective feedback, or you don't. When you turn down enough, there is no feedback. When you turn up enough to have effective feedback, the gain hardly changes.
What we have is a system that, for strong signals, is just a zero-NFB passive volume control, and for weak signals is variable-NFB without control of gain.
If it works for you, kewl.