It would definitely be interesting to take a bunch of people that report they are "dialed in" and check their pregnenolone levels. I do think for the majority of people on TRT their pregnenolone drops significantly and stays lower than before they started. It would take more data to prove that though.
I found an interesting rat study where they chopped their nuts off and measured levels of neurosteroids in different regions of the brain. They found levels of pregnenolone, progesterone, tetrahydroprogesterone (allopregnanolone) were sometimes reduced, sometimes maintained, and sometimes increased depending on the region. In some cases, levels were reduced short-term, but then recovered long-term as the rat adapted, not unlike your anecdote with serum pregnenolone.
I haven't really seen too many people doing well with years of pregnenolone supplementation under their belt. Typically people try it for a little while, can't find a dose that consistently delivers net benefits, and give up. I can probably count the exceptions on one hand.
So, I favor keeping it simple, taking TRT alone and letting your body and brain adapt over time to the HPTA shutdown, like one of the study rats.