I don't see it that way. Two points: First you do have the fact that the destruction she can cause becomes too unpredictable and she won't have it most of the times. In a superficial level it's similar to how Superman holds back, although thematically they are very different. Second, and most importantly, I believe the main reason Wonder Woman doesn't use it often is this one:
It goes against who she wants to be. It's just a crude power, a "Storm" to quote Ares. The control they are talking about is a restrain Wonder Woman imposes on herself in the porsue of being a better person.
It's worth noting that In both situations that she used godmode she was very aware and rational, being able to negociate with Apollo in 12 and calmly put her bracelets back on in 23. You could argue she was angrier than she is used to be in both those situations, but we've seen her being similary angry with her bracelets on. Therefore, she being more aggressive is not a result of taking out the bracelets, it's more the cause of it. She would be equally mad against the First Born if she didn't had this ability.
Wonder Woman sees taking out the bracelets as a personal sacrifice and it's one that she doesn't make lightly.