The key to this sortof tone is mids - if your 5150 doesn't have enough mids when it's mid control is on 10, you could look into getting an EQ pedal or a mid booster in your guitar. The OD pedal method might also work really well for this kindof tone, provided it has a decent midrange emphasis and doesn't scoop the mids, as if it scooped them you'd end up with a nu-metal tone all over again.
The recording setup isn't really that advanced - it's budget home recording gear on the most part. Here's the signal chain:
Shure SM57 is aimed at the bottom right G12M at an angle of about 45 degrees, the signal is then fed into a Behringer MIC100 tube preamp which can be bought for £30 - excellent piece of kit. It really removes the sterile sound of the digital recorder, and the phase reversal switch is a great - without it due to frequencies cancelling the tone sounds thin. Then the signal is fed into a BOSS BR1200CD, and I've used a 1 bar drum pattern looped infinitely. The drums were EQ'd and had reverb added to sound more realistic.
The guitar sound when recorded had (simulated) plate reverb added to all tracks, and the rhythm guitar was recorded in 2 stages. I recorded it once, then recorded it again. The first recorded track was panned 40% left and the other 40% right - this makes it sound much more representative of how it actually sounds in the room.
It's not a serious clip, it's just something I played as a means of showing to my mate Niczy how the tube mic preamp sounds with the amp as it is now, so I thought I'd share it so you guys can hear how the pickup sounds too.