What you descibe is called compatibilism. Compatibilists understand the deterministic nature of reality, but they don’t want to give up the notion of personal responsibility. (Or sometimes even personal sin).
The evaluation and reevalution is done by a deterministic system. And even if it is iterating several times, the outcome of your evaluation is going to be based on the stored information your brain accumulated over time, mixed in with external stimuli. Ultimately it is the result of the physics of reality. You have no control whatsoever over that outcome.
It’s a somewhat deeper level of the same illusion.
So at best you feel happy by feeding your pride. At worst you fool yourself into the wrong kind of morality.