We study the role of amplifier saturation in eliminating feedback noise in self-sustained oscillators. We extend previous works that use a saturated amplifier to quench fluctuations in the feedback magnitude, while simultaneously tuning the oscillator to an operational point at which the resonator nonlinearity cancels fluctuations in the feedback phase. We consider a generalized model which features an amplitude-dependent amplifier gain function. This allows us to determine the total oscillator phase noise in realistic configurations due to noise in both quadratures of the feedback, and to show that it is not necessary to drive the resonator to large oscillation amplitudes in order to eliminate noise in the phase of the feedback.