"Is there a way to describe...?" Honestly, the body of your question is a good description. The main thing missing is an aesthetic explanation. In other words, you aren't connecting your description to the aesthetics of the music's effect, but rather questioning whether the musical elements described violate some sense of technical expectation or propriety.
You mentioned concerns of:
- can
F
major be used in a modal style?
- can a static chord progression constitute a composition?
- can the dynamic of tension and release be produce with means other than tonal tonic/dominant harmony?
Rather than thinking of those things as working despite "rules broken", I would try to describe them in further detail on their own terms.
As an example, I don't know if this necessarily applies to this specific music, you might examine the nominal "leading tone" to "tonic" in F
major, and whether those scale degree functions cease to apply when their appearance does not conicide with dominant to tonic harmonies. Perhaps this is the path through which a nominally "major" scale becomes, for lack of a better term, a modal "ionian" mode?
Furthermore, when you decouple scale degrees from tonal function in that way, does that remove the tension/release dynamic to create an aesthetic of "calm", "floating", or whatever?
In jazz this kind of static harmony is called "modal." Obviously the style is different, but the static harmony with attention to free flowing melodic line is the same concept.
In "classical" music categories that sort of apply are "impressionism" and "minimalism." Both of those styles are not this particular style, but the static harmony concept applies. In impressionism static harmony usually will apply to certain passages or sections, not a whole composition. But some of those instances will be long enough to make good comparisons to this guitar music.
"Pandiatonicism" is another concept to look into for comparison. It applies to certain modern music, and while not this exact style, it involves using the diatonic gamut of tones, but without the conventions of tonal harmony.