Yes, your understanding is correct. To see the PX4 IMU values use standard PX4 commands. For example, on voxl2 you can use the PX4 listener commands:
voxl2:/$ px4-listener sensor_accel
TOPIC: sensor_accel
sensor_accel
timestamp: 30123125 (0.006725 seconds ago)
timestamp_sample: 30122829 (296 us before timestamp)
device_id: 2490378 (Type: 0x26, SPI:1 (0x00))
x: -0.05360
y: 0.01754
z: -9.68999
temperature: 34.62560
error_count: 0
clip_counter: [0, 0, 0]
samples: 20
voxl2:/$ px4-listener sensor_gyro
TOPIC: sensor_gyro
sensor_gyro
timestamp: 37716660 (0.003955 seconds ago)
timestamp_sample: 37716405 (255 us before timestamp)
device_id: 2490378 (Type: 0x26, SPI:1 (0x00))
x: -0.00409
y: 0.00796
z: -0.01429
temperature: 34.32669
error_count: 0
clip_counter: [0, 0, 0]
samples: 20