A power converter employing a control system configured to make multiple functional use of a circuit node therein and method of operating the same. In one embodiment, the power converter includes a power train including at least one power switch. The power converter also includes a control system including an opto-isolator circuit, including a resistor, configured to receive an output signal from the power converter and provide a feedback signal to a feedback node for the control system to provide a switch control signal for the at least one power switch. The control system also includes a current source configured to produce multiple voltage levels at the feedback node in accordance with the resistor, thereby enabling multiple functional uses of the feedback node.