no you can still use the iriver gain, but after 24dB it will use the decimator to increase gain (digital gain).
However, this is not that bad since the decimator uses the 24bit signal from the ADC, and the actual recording is 16bit, so in theory this is better than post-processing.
The issue at hand is that the signal becomes noisy because of all these amplifications, which is why I made the above suggestions.
So if you're not going for better mics or a mic-amp, increase gain on the iriver....