My math was based on the assumption that the delay mix parameter setting reflected the actual wet to dry mix ratio.
@Bakerman, is correct. Now that I'm back at my Axe II, I can see that the delay mix parameter does not show the actual mix ratio, but rather it has a linear transition to and from the 50% mix point with the actual wet level percentage being double that of the mix setting.
So, yes, for any series delay mix setting at or below 50%, you set a parallel delay block's input gain to double that value. i.e. 15% series mix = 30% parallel input gain.
The proportion method posted earlier is correct for other blocks like reverb though.