is this legal to do?

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And I think risk management is a silly thing to talk about. Getting it all in with aces 3-4 handed is +++++++++EV, nothing close to betting 1:1000 on a 1:1001 shot.

aces=never fold pf

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When did this become an issue about folding AA preflop? This was an issue of limiting the number of opponents when you have AA to increase winning percentage in lieu of increasing pot size.

Secondly, there are times when AA does not want an additional player in the pot.

If you are all-in with AA and then KK and QQ call - do you want a player to call with 65s? The answer is no. If all have $100 in chips, your Ex profit drops from +98 to +80.