Surprising it would run away with the air all the way down .
The primary still allows some air in and the secondaries are unregulated. I've been repeatedly reminded here that you can't "shut this stove down". EPA and all that...
The Jotul manual states that the chimney makes the stove work, the stove does not make the chimney work.
So, when the stove designer sat down with a blank sheet of paper, he looked at the EPA test requirement, and the range of ambient temperatures and chimney heights and styles that were possible.
Then they picked air intake orifice sizes that would accommodate all of these variables and still perform. They probably picked the nominal condition and tried to have the primary adjustment accommodate most of the rest of the range. But remember, there's still that pesky EPA test that you must pass, and the EPA isn't going to allow you to modify the stove to pass the test. Compressible fluid flow is complicated (air is a compressible fluid) and we're just talking about rectangular holes for fluid control. To add to the variable influences, the air comes in a different temperatures and humidities based on the installation, further affecting the air density possibilities.
The orifice sizes allow for a certain air intake velocity (really mass air flow) based on how the chimney performs. The fire box is a fixed volume. So, for a 14' chimney with bends in the "Florida Bungalow" you get one mass air flow. For a 30' straight chimney in Alaska you get another. All feeding the same volume of combustibles.
For some reason, my 26', "warm", straight chimney performs near the right side of the bell curve - away from the nominal the designer used. As a result, I get a large MAF which makes it more difficult to meter the air.
For my fires yesterday, I "shut" the primary air, had the almost taped-off secondary, and had the flue damper closed (it still allows for some flow). I "shut down" at 450. The stove went to 675.
I don't have the level of control I would like, but these are the realities of my installation.