I think I get what you're saying, but according to the Klein's Organic Chemistry book, a wedge means "up," and a dash means "down." You, however, say that "up" with a wedge can still be "down" in the chair conformation. This seems to contrast with the book.
In the book, a wedge is always drawn as "up" in the chair conformation. For example, in the book there is a Br on a wedge on carbon 1 and a Cl on a dash on carbon 3. The author draws the chair conformation with Br in the "up" axial position and Cl in the "down" equatorial position.
However, I think what you are suggesting is that the wedge and dash simply imply that the Br and Cl have to be opposite in terms of "up" and "down" (One is "up" and one is "down") since we have a wedge and a dash rather than two wedges or two dashes. But, I think what you're saying also implies that Br should be in the "down" equatorial position, and Cl should be in the "up" axial position since Br is bigger than Cl.
Chair conformation is 3D as drawn on paper. So while a wedge is always drawn as "up" in the chair conformation in the book, you can just turn the page upside down and it is now "down" (but obviously still the same molecule). Wedge and dash is 2D representation of a 3D object so you can't just turn things upside down, obviously.
So while that may be the book's convention and can simplify things a bit, that is not absolutely correct. A wedge can be "up" axial or "down" axial, or "up" equatorial or "down" equatorial.
If you have Br and Cl on NEIGHBORING carbons with opposite orientations of "up" and "down":
1) Br is largest, should be equatorial
2) Since Cl is on a neighboring carbon with opposite orientation, it too can be equatorial
They both would be equatorial. Whether they are "up" or "down" equatorial doesn't matter as again, these positions don't actually exist.
If you have Br and Cl on carbons 1 and 3 for instance with opposite orientations of "up" and "down":
1) Br is largest, should be equatorial
2) Since Cl is on carbon 3 with opposite orientation, it must be axial.
Again "up" and "down" axial/equatorial don't exist. You can prove this to yourself by turning the page upside down and noticing the same chair conformation (i.e. same molecule) can have "up" or "down" . It's all about axial or equatorial when it comes to chair conformations.