Hi John,
Thanks for the comments. Yes, it's possible. Thickness gives some contribution to volume, but these two aren't the same and aren't comparable. In fact, we and others have seen that the variability of volume across subjects is better explained by cortical surface area, not by thickness.
So, one can indeed have group-level thickness effects, but if these aren't accompanied by area effects in the same direction, there may be no net changes in volume.
Btw, we have just put a paper on
bioRxiv in which we use NPC to capture these effects that could remain unseen when volume is analysed alone. In the same paper we also propose a different method to measure volume in surface models that is no longer just the product of area by thickness (this new method is now the default in FreeSurfer 6.0, thanks do Doug Greve who made it available there).
All the best,
Anderson
PS: I think questions as these are more for the FS mailing list, not much for FSL...