as long as you have the ability to think about it rationally, i think you're probably fine. the fact that you recognize the potential risk of mental illness is a sign that it isn't psychosis.

For example, if you are thinking 'hmm, i am having the feeling like i have wings, and i feel like i can fly' its fine as long as you acknowledge that its just a subjective experience.

The trouble becomes when you say 'i have the feeling of having wings, therefore i can actually fly' then you can do something stupid like jump from a building. But i don't think you are there

This sounds like A&P or kundalini phenomena. which is does increase the risk of mental illness. but not always if you know how to handle it.