Feedback, and the margin
What is left at crossover
A feedback loop is stable or not according to one number read at one frequency — how much phase remains before −180° at the point where the loop gain passes unity. The loop gain here is obtained the way it is obtained on a bench: cut the loop, drive one side of the cut, and measure what comes back to the other.
Two measurements of one margin
A phase margin is computed from the loop gain in the frequency domain, without ever looking at a step. An overshoot is measured from the closed-loop step response in the time domain, without ever looking at a Bode plot. Inverting the standard relation on the second returns 34.9° against the first's 34.9°, and the residue is the third pole.
The ideal amplifier, and where it stops being one
An ideal operational amplifier's closed-loop gain is set by two resistors and nothing else — a horizontal line at every frequency. The real one is already a tenth of a per cent low at direct current, one per cent low by 1.35 kHz, and above 10 kHz has no loop gain left, at which point the ideal answer is not an approximation to anything.