Why use an optocoupler with opto-driver instead of isolated amplifier using optocoupler for feedback
Isolation amplifiers can have a high cost. Analog Devices AD202KN is $15, good to 400 HZ at best, and the AD210KN which samples at 500 KHZ is about $30 each. Compare that to the $1.00 USD for many opto-couplers.

Also the isolation amplifiers have a 'conversion' time, as they are transformer coupled. Some INA series use capacitive coupling but the delay to integrate the signal back to analog is still there. 

If you need a low cost and very fast responding isolated loop a fast opto-coupler cannot be beat. They can be a thousand times faster then a isolation amp, because they do not have to convert the signal to PWM, then intergrate the signal to convert it back to analog.

The response time of a fast opto-coupler is in the nS range, while a isolation amp may take several uS to 100 uS.

Isolation amps are good for measuring accuracy over a wide dynamic range, with at least 1,500 volts isolation, so you can measure line voltage at 600 VAC with no problem, and measure the current as well.

What isolation amps are NOT good for is servo-loops. They greatly increase the time it takes to correct for a change in voltage, current or load. It can make the circuit 'ring' as it settles down or worse yet the circuit may oscillate because the feedback is too slow.

Also isolation amps often need a modest low-pass filter at the output to remove any conversion noise, well up in the 100 KHZ to 500 KHZ range. Some need buffers as they may not have a substantial drive current. The AD202KN and AD210KN can only source or sink about 1 mA.