I think you will love that setup. I have a similar system,
M60v2
vp100
QS8
SVS PB-12 sub
Sony reciever that sounds good to me
I have had the same questions as you about line level input to the sub. My Sony reciever has separate crossovers for each speaker. Right now I have it set up with the fronts at 60hz, the center at 120hz, and the rears at 120hz.
My sub starts to fall off on the high end around 80hz. Yours is much more linear because it has an electronic circuit that keeps it linear. I set the fronts, which fall off at 38hz, to 60hz so the sub would not have to handle 60-120hz signals. I'm not sure how the reciever routes all the bass around the system. If the reciever routes the 120-60hz signal from the center and surround to the fronts, then the fronts, center, and surround 60hz-15hz signal is routed to the sub, this setup is perfect and does not leave any holes. The mid-low bass that comes from the center is evenly distributed to the fronts, and the low bass is handled by the sub, preserving the soundstage. Some have said that the sub will get all the signals from the crossover. That means that the 120hz and below from the center would be handed to the sub, and the 60hz and below from the fronts would be handled by the sub. However, that leaves me with a gaping hole because the subs high point is 80hz, and it gets up to 120hz in midbass from the center and surrounds. A EP500 can handle 120hz linearly so this will not be a problem for the axiom sub.
If I hooked up the sub to the line level from the fronts, and set them to large, all the bass from the entire system would be handed to the fronts and then the sub would take only the 60hz and below. Is this the way I should set it up?
Also, one more thing, once in awhile I like to listen to music without the sub. The m60s are perfect for rock and the bass is much more tight than the low end SVS sub (but damn that SVS hits hard and low). Hooking up the line level will prevent me from running pure 2 channel. This is not super inportant though. I'm 95% movies anyways.