Sichr, you're not including other relevant passages.
A magician possessed by a spirit he summoned is fully aware of what the spirit is doing, and is still able to give it commands and directions.
And far more important for this discussion:
The Channeling magician can use her own skills and has fine motor control over her body while enjoying the enhancing benefits of the Possession power (see p. 101)
There's also the fact that there are other possession traditions other than Voodoo. So while you can argue that Voodoo mages can't direct their loa with that passage under their tradition, your qabbal mage is just fine giving directions to his elohim.
Now there is question of spellcasting and summoning while possessed. The reason why this matters is that
Street Magic explicitly states "while possessed, the spirit’s Mental and Special attributes are used" (SM 102). So if you're possessed by a force 6 spirit, "your" magic is 6 regardless of what my normal magic rating is.
Since you're a channeling mage, you can use your skills just fine. Thus if you have spellcasting 6, you can cast spells with a Magic attribute of 8 if you're channeling a force 8 spirit. This doesn't cost a service since you're not using any of the spirit's powers (SM 55). So you can summon the largest spirit you feel comfortable with, have it possess you, and then just walk around with ItNW and a higher magic score. There's still some drawbacks such as being obviously possessed, but there's some fun you can do here*.
One potential hiccup is if your maximum magic applies to the spirit's magic while you channel a spirit. The FAQ mentions physical attributes being limited by the augmented maximum, but what about mental and special attributes? Physical attributes work differently so other attributes aren't affected by that passage. You can also make a reasonable case that RAI that they are capped too.
*-The most fun is augmented mages who take ware that doesn't require active control and then overcast summon and channel. Your magic is now as good as other mages and you have all sorts of ware.