Update - After several hours of manipulating all the amp settings in the Helix I returned it. There was no combination of settings that got rid of that brittle sound of the distortion on the Helix and HX Stomp. I like the Helix and it can produce many excellent sounds, especially fully clipped (high distortion) and clean amp sounds. However the sound of the high frequency distortion cutting in and out, rather than smoothly fading as the note decays, was a deal breaker. Once you hear it, you cannot unhear it. And that stanky distortion sound colors the delays and verbs and it was driving me nuts!
I bought an Fractal Audio FM3 to see how deep the rabbit hole truly goes. The FM3 is brilliant and the sound of the distortion/overdrive/breakup is incredibly good. The way that the distortion/overdrive works is very smooth. If you know someone who has an Axe FX III, FM9, or FM3 go listen to it and poke around with the amps.
No Helix hate here. It's a great unit. The amp models are not for me. The modulation, delays, filters, and verbs are outstanding. I considered keeping the HX Stomp to use as a delay and reverb box with my Headrush MX5. It seemed like too much trouble without the use of a Morningstar MIDI controller and Morningstar has no products to sell. Plus, when I added up the cost of everything (MX5, Cali76 Stacked [because nothing really beats that compressor], HX Stomp, and Morningstar controller) it was more than a FM9. So I returned the FM3 (ate the shipping both ways) and jumped on the waitlist for the FM9.
Happy trails Helix Crew!