The problem with having so much gain in the amp, and the extra gainstage, is the frequency dependent feedback thru the power supply. The feedback varies, phase wise, from at least midband to deep bass, and from 1 degree to at least 90 degrees, to 180 degrees (and even more), depending on the power supply design.
The feedback can easily be as much as a typical "feedback loop" in a typical negative feedback amp (from the output of an amplifier to the input).
Thus advertising a "no feedback" amplifier (or even preamp if more than one stage) is not correct.
What makes it much worse is there are multiple loops of feedback, each with different phases. The more stages with a combined power supply, the bigger the problem.
Which, I guess, leads me to prefering a high gain preamp and lower gain, And fewer stages amplifier.
In otherwards, if one can get rid of a stage in the amplifier, you will be better off sonically than adding an external attenuator. But the former may not be feasible in your particular amp. Tube amps are much simpler.
