Tough to say. Fredman technique is not a 'perfect' tone, so it's tough to say when it's done right or not, but in my opinion, I would say this is incorrect usage of Fredman. It sounds like the wrong frequency ranges are being cut/accented. I haven't done much scientific tweaking with Fredman style, but my 5150 Fredman tones typically come out much more bodied and sludgy sounding but without losing the cut. Try a trick where you reverse the phase on one of the mics and listen to the combination in DAW until you hear the frequencies that you want to cancel the most, then leave the mics there, undo the phase flip, and record.
EDIT: Something I just thought of. If the A and B tracks are not exactly in time alignment, the tone will get weird and lose punch. Fredman style is very picky like that, it doesn't take more than a ms or two to completely ruin the effect.
