If it sounds good then great..there are no rules in digital. If the Axe allowed power amp bypassing on a per Amp block basis, you could then run them in series as if you were running the preamp out from the first amp into the front end of the second Amp, which would basically be running two preamps in series into one power section.
You could actually try this in the real world by running the reactive loadbox signal of one Plexi into a reamp box and then into the front end of the second Plexi. It ends up being like an eq stage before the second preamp.
As we know, daisy chaining Plexi amps was traditionally done by plugging the guitar into the high treble input of Amp 1 and then running a cable from the normal input of Amp 1 to the high treble input of Amp 2. You can easily do this by running the guitar into two high treble only Plexi amp blocks in parallel.
If you're going for that '73 Page live tone, try using one of the orignal basketweave Axe Fx II cabs to get the right midrange character..gives a very TSRTS tone. Also the Fet Boost (drive on zero to get a similar vibe to the Echoplex that Page used ) or Treble Booster blocks in front of the Plexi can get you there, or even just messing with the bright cap value of the Plexi.