i don't have an axe right now, so running this preset into FracTool to my AX8, i am also missin one of the multi-delay blocks. but that's not important.
Original preset:
first off, i rearranged things into one simple row for now just to troubleshoot:
i can't get ANY sound from the preset with the way the amp is set. even turning the Level all the way up to 12.
if it isn't a bad battery on your EMG pickups, then this leads me to believe it's all the extra Shunts and row connections boosting your level too much and clipping the Axe. i know you said the clip light isn't coming on. have you looked at the VU meters in the Utility menu?
let me know if these settings are different from yours, other than the Level:
also with the Mids fully down, and the Bass and Treble fully up, you can more easily clip the outputs but not realize it. sure, the clip lights should come on, but i've had them not turn on sometimes. again, check the meters in the Utility menu.
any time you split off a row and return to itself, you increase the volume - i can't remember by how much, but it's something like 2x or 3x. you have 2 of these.
also you have the Send block connected to the Output block on the far right. according to FracTool, you have this set to 100% output - this means it's passing your first top row straight to the outputs. then it sends the signal to the Return block, but this is only set to 56%. still, you're getting multiple copies of the tone from different points sent to the output.
i do think you're sending too much signal to the Output block, thus clipping the digital output. i'd be interested to know what your Meters are showing, either the Vertical or Horizontal.
i'd turn the Output of the Send block all the way down, then increase the Send Level all the way up. also get rid of that unused "3rd" row in the bottom set of blocks.
when i adjust the Amp block on my AX8 with all of your settings except for Drive and Master Volume, i can turn the Master all the way up to 10 - this has better tone to me, and then i get the Drive between 2 and 3 and it's still clean. Trim is still at 1.00. using a Majesty with its hot humbucker pickups.