The 50 ohm resistor is in parallel with the tweeter, so it doesn't cut the tweeter output as you suggest, it goes to ground. There is a 2 ohm resistor in series with the tweeter that actually lowers it's output to match the output of the two woofers. Together these two resistors in an L shaped arrangement (hence the name L-pad) work together to keep the load impedance presented at the input of the L-pad constant.
If the 50 ohm part of the L-pad were taken out, I'm not entirely sure what would happen, but I see no reason to do that. Circuit design is not my forte, so this is best explanation I can give.
Perhaps a better explanation would be that Dennis Murphy designed it that way. It would take many years of experience before I would be comfortable questioning one of his crossover designs

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