The point of checking a mono version of a summed stereo signal is to determine phase coherence - among other things. So, if you feed a single 'HorroTone' one side of a stereo pair, you're only hearing 1/2 of the truth. The speaker needs to receive a mono signal derived from both stereo sides.
So to answer your question: No! Your intended method isn't the right way to do this.
Are your Mackies active or passive? (self powered or outboard powered?). If they're self powered, keep them on one of the dedicated 4800 monitor outputs. Using the other output, wire up a dedicated power amp, take the left and right outputs from that amp, wire these together into a single mono strand which will feed your MixCube. This way, the cube receives a summed signal originating from both sides of your stereo mix.
You're in far better shape if your Mackies are passive. That's because a single power amp can feed both monitors, reducing the risk of introducing another variable in the signal chain. That's exactly how I've got my nearfields and Aurotones wired up to my 3200 - to a Haffler 250 powering both sets of monitors. Unlike you, however, I've only got a single DM3200 preamped monitor output, so I need to use a switch box. With this rig and the MONO switch, I can obtain several signal representations making mix decisions far easier than they would otherwise be.
If somebody else has a better idea (quite likely), let 'em chime in.
CaptDan