You can assign any block to be assigned by the same footswitch regardless of what path they're on. But if I'm understanding your method, then you're correct, using a switch to bypass an amp as opposed to pan a path would leave you with a dry signal. That being said, you could do everything you're describing above in your setup with Snapshots instead using the split block to switch between sounds. That's the blessing and curse of Helix - many ways to do the same thing!