I feel like I'm almost spamming this post all over; but it's my personal 'solution' to what I feel this discussion underlies. The reason I feel the cab IR block has any of these issues isn't IMHO related to the cab block or the IR's or use of IR's... it is more to the fact that the VAST majority of IR's are NF (near field) right up on the speaker grille. That's, IMHO, never discussed; but that's the whole point of FF IR's.
Stick your ear up close to a speaker... and it sounds unnatural. Stick a microphone up close to a grille.... and it sounds unnatural. That's the reason, IMHO, IR's add all sorts of highs and lows that we have to cut out for it to 'cut' and sound right.
Now, FF IR's by themselves don't sound right to me personally - IMHO - any more than the NF IR's by themselves. I fought against this for years now, mixing IR's from different distances (and the back of the cab) in an effort to offset this.
With the Axe-FX II, there is a simple way to handle this. Imperfect? Yes; but it sounds good and feels right to ME. IMHO, YMMV.
Here's my post-5.xx recommendations for live/recording. If you follow this, you may find that all the 'too bright!' and 'too dark!' sort of threads disappear. I cobbled this together from a few different posts all over the forums.
Amp/cab ONLY. No reverb, no effects, no PEQ, no EQ, no Global. Zip, nada, nothing. Just an amp/cab.
Start with your sound in the amp block. Take your cab block in the Axe-FX and make it stereo. Then pan them both center. Room settings to off. Speaker Cab Motor at 5.00 (noon). Proximity to taste. Make one speaker IR an OwnHammer that is a proper choice for your amp type (say the G65 OH) and *No Mic*; then the other make it a Jay Mitchell FF IR - I use the EV112 and G12-65 JM mainly and *No Mic*. In the amp block, then make the speaker drive 1.50.... and tweak in your Drive/Master Volume and then tone stack EQ on the amp block as you normally would till you like how it sounds. That's it.
IMHO, most all IR's you are using are all close mic'd and that's been a major flaw thus far in use with them... because that's how it's been done for decades. That's why mix engineers use so much EQ... and we have too with the Axe-FX (ie. blocking lows/highs after the cab, etc)..
Seriously, try this and let me know what you think.
Fender (or Fender Like tones): OH 112 Boogafunk E12L/JM 112 EMI Open Back FF
Vox (or Vox like tones): OH 112 Boogafunk Blue/JM EMI 112 Open Back FF
Marshall: OH 412 SLM M75/JM 212 G12-65 FF
Higher Gain: OH SLM G65 (*or OH V30, H75, Blue, or G65)/JM 212 G12-65 FFNote (repeated for emphasis): No mic. No room reverb from block. Speaker Motor Drive at 5.00 (noon). Both cabs panned center.
It'll sound good. Tweak from there to find your own flavors.