I think you're missing my point. If my monitors are pumping out an exact replica of what the mic(s) heard 1" in front of the speaker, and if we assume that the speakers (monitor or guitar amp) cease to influence the sound once the sound has been produced, then the result that I hear - 10' away - should be the same as what I'd hear from the amp.
Fiddling with high and low cut to make the sound going into the monitors sound more like an amp 10' away, and then adding the actual physical distance from the monitors when I hear them seems like it would double the effect.
Try it this way. Imagine that I've put the monitors on top of the guitar cabinet the IR came from, in the room where the IR was made. If the sound coming out of both the monitors and the guitar was exactly the same measured from 1" in front of each, wouldn't they sound exactly the same 10' away? Why would I try to make the monitors sound different than the sound 1" from the guitar speakers?
I understand where you're going to.
Let's assume the IR is the exact same sound that comes out of the speaker.
Then, in order to sound the same as the cab being emulated, your FRFR monitors would need to be the same size, be made out of the same wood and have the same speaker distance as the cabinet that's being emulated. And that is, assuming all speakers in the cabinet are exactly the same...Otherwise, you would need to get a different IR for each speaker.
However, IMO, that doesn't prevent you from having an "In the room sound", then again, it all depends on your definition of "In the room". Say you use a G12H IR.
Just cut the excess lows and high, and you will get the "in the room" feeling, as long as you play loud that is.
It will NOT sound like the G12H that's being emulated, it will sound like a different speaker, but a different speaker in that room for that matter.
For example, I shot an IR of an old marshall cab with V30's, and then I ran the AXE through both the real cab and my FRFR setup.
I compared them both side to side, and ofc, they sounded different. Then I used filters after the IR to tweak the sound until it sounded as close as possible to the real cab. Voila.
The problem here is that, that EQ setting is only valid if I place my monitors in the exact same position i had them when i did the eqing, and obviously it's only valid for my particular FRFR setup. Some people might say this will won't work and it's nonsense. Maybe, but to me, it sounds and feels like the cab I used in that studio. I have different EQs for 2x12, 2x10, 4x12, and so on.
I think that process could be automated, but it would require an algorithm that adapts it to your particular set up. But that would be basically having to do a cab simulation block rather than just an IR block, much like the amp block. And it would still not guarantee it would sound the same.