With all due respect, I totally disagree. Dual mono vs stereo is hogwash (keyboards and stereo reverb units will also be panned hard left and right, are they also "not true stereo"?). If your Axe-fx is set up in stereo, and if you send two outputs to FOH, and if they pan them hard left and right, you actually have a full stereo rig. There's no ifs and buts about it. I will concede that the stereo effect is not as effective in a venue as it is in a recording, that's obvious. But this statement about dual mono is just misinformation.
One more important thing to note: if your Axe-FX is set up with stereo signal chains, then there are definite advantages to routing two outs to FOH (and hard panning to L and R, for full stereo setup): you eliminate the risks of any phasing artifacts resulting from collapsing your signal to mono *anywhere* in the chain (and I really mean ANYWHERE... if you collapse it to mono within the Axe-fx, you risk getting those artifacts, and if you collapse it to mono outside the Axe-fx, i.e. by NOT panning hard L and R on the console, you AGAIN risk getting those artifacts). Of course you can send just one side of your output to FOH for a pure mono signal (only half of your stereo signal, actually).
So you may not get full benefit from running a live stereo setup, but if your presets are set up in stereo and the FOH supports it, then it's best to put in a little effort to ensure you are running TRUE stereo (i.e. pan hard L and R at FOH, and ensure you don't internally collapse to mono, ie avoid mono blocks downstream from stereo block in your Axe-fx signal chain).