Thx for all that kmanick.
Would the transformer device help balance the level difference between the Axe into the amp and the amp on it's own?
This is currently the reason I can't use this method - just not enough headroom.
Another question:
I don't need any effects before the JVM I only want to have the option of using the Axe amp OR the JVM amp with the Axe in the fx loop.
Is the 4CM still the only way to do this?
I run a JVM in 4CM (with the Output 2 mod in the Axe) and the way to do it is to
use the parallel send and serial return in the JVM. This avoids the clipping that the serial send would cause. This will bypass the Marshall's built in reverb but this isn't an issue given that you have the Axe's reverbs available.
4CM is the easiest way to achieve either JVM preamp with Axe post effects, or Axe preamp with Axe post effects. Even if you don't want the pre effects in front of the JVM, the way to select between the two preamps is all in your grid setup in the Axe....
So assuming you're not using any switchers to take the Axe in and out of the Marshall's signal path and fx loop, if you want the Marshall's preamp, make sure your guitar's signal goes to the FX Loop block in the grid, so that it will then go straight to Output 2 of the Axe and into the Marshall's front input in typical 4CM style. You can then use your Axe post effects as usual when the Marshall's send goes into Input 2 of the Axe where you can then add effects in the grid post FX loop block.
If you just want Axe preamp (or even power amp and cab simulations as you like to use above), simply make a row for your signal path in the grid that avoids the FX Loop block so that it goes to an Amp Block (and optional Cab block) and then to any post effects you want. This avoids In/Out 2 on the Axe so the sound goes straight to Output 1.
Create presets that each have one of the two grid layouts above and switch between presets to effectively switch between preamps.
Some points worth considering. If you are planning on switching between both Marshall and Axe preamps, i would suggest not using power amp and cab modelling simply to maintain an overall tonal consistency for the mix your guitar is placed in. You would be effectively running an
amp into a cab into an amp into a cab which will end up sounding rather bass heavy and more prone to vanishing in a mix.
You might also find that a lot of the Axe preamp models need their presence and treble rolled back when playing through the Marshall's power section.