The frequency response of the particular cab, speaker, mic, mic placement, and mic preamp are captured in the impulse response, so when using the cab block the direct output of the modeler is comparable to the signal from a mic on a real guitar cab in another room, monitored through whatever speakers you're using, exactly the same paradigm as any other mic'd or recorded instrument in the studio. If you want to feel like you're playing through a live guitar cab in the room with you, disable the cab block and run an amp model into a power amp and live guitar cab in the room with you.
With that said, I'm not familiar with the XiTone wedges, but it's possible that you're experiencing extra bass if they're placed in a corner, or they're coupling with the floor/stage. The fact that you're having to high pass (I assume you meant "high pass," not "shelf") up to 250hz tells me there's something adding bass to the guitar signal after it leaves the axefx.