The fed back signal is in the mV range and has to be proportional to the "input" signal capsule provides. Otherwise it would become dominant and the whole feedback thing would fall appart.
This is the reason i don't agree with OPR, because that level of feedback is miniscule in order to combat the attraction force of polarization voltage.
I don't think there's anything magical going on there and besides some microscopic differences in THD, a simple EQ in post would do the same job. The trick is to have exact curve manufacturer had in mind. And then you can experiment with linear phase stuff, etc...
This is all very easy to test, i'm just too lazy and busy to do it right now.
My measurements of k67 show it can put out substantial voltage at plosives, like above 10Vpp. At that point the tube craps out, and can't supply sufficient amount of NFB, and you get distorted waveform back to the capsule. This won't help prevent collapsing.