I guess there isnt a volume for the preamp.
on a multi-channel amp, the Master Volume controls the overall volume of all channels, but also affects how hard the Power Amp works, which gives richer harmonics (but can also be too much if not used right).
on a single channel, the Drive or Gain control changes the distortion amount of course, and the Level adjusts the Level relative to the other channels.
on a real amp, you are limited with the sonic space - if you want that master at 9, it may be very loud even with low channel level settings. but on the axe, we can crank the master no problem, adjust the gain however we want, and then use the Amp Block Level control to get the right balance among presets. then we have an overall Output volume control (physical knobs) for the right loudness for the room.
because we have presets on the Axe, the "real amp level" control is really just the Amp Block Level control, which, again, is the best thing to use to balance volume among all presets.
so you really are still doing the same thing and the Amp Block Level control is the volume for the preamp as you say.