The problem is that in many books music theory means 18th century classical theory.
This is fine as far as it goes, but music has moved on a lot since then and no one - not even film composers - write in that style any more.
So you have the idea of a music theory - which is the set of elements that defines a style - and then you have one particular music theory, which isn't used any more, although some of the ideas are still creatively useful.
Not many people understand that hip hop, dubstep, deep house, death metal, jazz, and shoegaze all have unique theories of their own.
They're defined by elements - some of which are simple cliches, and some of which are more creative - that make the style recognisable.
If you know the elements and how to put them together, you know the style. Simple as.
Classical book theory gives you a small start towards understanding how this works, if you want to take it. But you have to do the rest yourself.
A lot of producers don't bother. They learn one style intuitively, and that's all they know. Other producers want more. Neither has a monopoly on great music.
Does axiomising music help? It may give you a few hints about harmony. But that's all.
It's not even close to being a complete description of classical theory, and it completely fails to say anything useful about the theories of more modern pop styles.
The math part is simply irrelevant to most musicians. Musicians use chords and lines as expressive tools, not as theorems. Knowing where frequency ratios come from is kind of interesting, but there's a lot more going on in music. Trying to mathify it won't get you closer to that.