Is this valid? I don't think it is valid since it's not a feature of size would replace it with a perpendicular with datum A or a flatness instead but I don't have enough experience with GD&T.
In ISO position can be used on surfaces, but that would not involve the diameter modifier on the tolerance zone.
If it was profile of surface, the diameter modifier would not be appropriate. If the surfaces used for datum feature A, not correctly called out here, are convex then it could provide a range of acceptable parts that are unlikely to be what was intended. "Acceptable" is a QA/QC evaluation, not whether the parts are useful.
There isn't a basic dimension to either the counterbore or the through hole and the Feature Control Frame would have been best co-located with the controlling diameter dimension.
It would be helpful if the standard was $15 and so more people would buy a copy and, maybe, read it.
I agree with all the other comments. Especially the $15! I am always surprised to see how widespread the application of position tolerances has become. I always just use it for holes. I agree with you that perpendicularity and/or profile (depends on function) is fundamentally better in this case.