The Hated EGR Valve Discussion......

Why not?

It was explained to me that there is less volume of air going into the cylinder when the throttle plate is halfway closed. The exhaust gasses make up for this loss.

Yes you are correct, when the butterflies are closed down you DO get less volume of air flowing, that is how engine speed is regulated! The exhaust gasses do not make up for that, the exhaust gasses are added to reduce the NOx.