Rex
Dignified but Approachable
Your diagram is mostly correct. As I understand it, the three digital outputs of the Axe-FX II are always Output 1 (L+R) and the dry signal; the two inputs are always inputs to the Axe-FX II itself. I am not aware of any "headphones mix" function. The headphone output is always an exact copy of Output 1.For what wonder is whether this diagram is correct.
Or if while you reampling, you can also listen to the master of the DAW.
Of little use to reampling, if you have the reference sound of the DAW mix. This is what I am not clear.
O to monitor the DAW mix, I need an external audio card when doing reampling AXE
If you want to monitor your DAW mix through the Axe-FX II, I think you will need to send it analog to Input 2, then use the Axe's internal mixing blocks to mix as you wish. You could then monitor through either output, depending on your internal signal routing in the Axe-FX.
I think it would be much simpler to provide your DAW with its own analog output interface and do all mixing in your DAW.