This question came up in the Online 10-day Retreat Nov 3, 2020, guided by Delson Armstrong. Day 1 was part of a daily 30-minute discussion on the suttas, the Dhamma talk and reflections.
Slightly edited to improve readability
The process of Feeling is such that Perception and cognition follow it right after. In the case of the links of Dependent Origination, when you have Feeling, the feeling itself when the Buddha describes it – and this is how I view it – before the bare sensation or the bare feeling that arises, it is just that; Feeling. But as soon as you apply onto it the concept of pleasant, unpleasant or neutral – or neither painful nor pleasant – that naming, that understanding of it, is the Perception that’s tied to the Feeling.
In the case of the links of Dependent Origination, as you have Contact and Feeling, you recognize the Perception that is in the Feeling. Meaning, you recognize through the perception, whether that feeling is painful or pleasant. If you take that to be personal, and if you start to attach to it, that’s when the Craving arises.
Perception can lead to two; it can either lead to more mental proliferation, in the way of Craving, Clinging and so on, by taking it personal – and taking it personal is another kind of perception that arises. Or you can have Wise Perception, or the attention rooted in reality – in Pali that’s yoniso manasikara – which is to say; you see through that Feeling, you see the Emptiness of that feeling. You see the not-self aspect, the impermanent aspect and you see it’s not worth holding on to. Therefore, that whole process is Perception in and of itself. It’s inherent within the Feeling when you name it.
In the chat is mentioned a very good point; Feeling can condition Craving or from Feeling can arise insight, or Wisdom. That’s a very good observation, two roads from Feeling.