Not to revive an old thread, but seeing this pop up recently had me revisit some settings for this song in particular, and the thread can be a little confusing. So, I'm summing up my findings. When you watch the Mighty to Save DVD, he explains the delay settings a bit more on the song "Higher" (which uses the same delays as MTS). I think even when he's explaining, its a bit confusing, as he mentions the 1/4 note delay, plays something, then mentions the 1/4 triplet, and plays something else. I believe they are reversed in his explanation (probably due to his using a GCX/Ground Control Pro). Regardless, you can nail the delays with the AXE-FX.
My signal chain is as follows (blocks in the AXE-FX Grid).
Guitar -> AXE-FX -> VOL -> WAH1 -> DRV1 -> DRV2 -> AMP(s) -> CAB -> Reverb -> DLY1 -> DLY2
The song is played at 74 BPM. Nigel's tempo is set to 100BPM for the delays. Nigel uses two delays. Delay 1 is a 1/4 note digital delay (I use a mono delay block 1/4 note w/ 24% feedback). Delay 2 is 1/4 analog triplet in series to the first (I use another mono delay block 1/4 trip with some highcut and feedback around 30%). With the two delays setup like that, you get the "gallop" effect he using, and it sounds really cool. The 'analog' triplet repeats have slighty less bite, and the 1/4 ones really "pop out". So, its not a wall of total repeats, and its not muddied up with dotted eighths (which is easy to do when trying to copy this type of setup).
Has anyone actually started writing a book on how to use delays? Sure, the Edge has mastered it, but he spent alot of time developing his style. Is there a school for these from MIT, GIT, etc? LOL. "Reverse engineering" whats on a record is a real challenge.
I'm not gonna share much on amp/drive settings, but with BB-Pre, FullOD, and Boutique1 on 9.0+ firmware, you can get in the ballpark pretty easily. I actually use two amp blocks (Boutique1 and Buttery), as I like them combined (personal preference which actually sounds alot like the Dr Z).
I'm sure Sean Strickland has more detailed specifics, but the 1/4 triplet was throwing me off, so I went on my quest and wanted to share my findings.