As of X3, it should not be in soft synths at all. With X3 effects can now send and receive MIDI data. Using the "Default All Plug-ins" layouts, MIDI Guitar should be an audio effect in VST2 Folder in the browser and the FX bin menu just like any other VST2 effect. In my case, when I reset and rescanned, MIDI Guitar was properly configured as an effect and shows up everywhere one would expect an effect to appear.
It would get more interesting switching between X3 and older versions of SONAR. Then configuring effects as synths would be an issue.