It may depend on how much physics she learned in “Honors Chemistry/Physics”.
Biology and biomedical engineering majors need to take physics in college. Not having had high school physics will make physics in college more difficult. This may be especially important in a highly competitive environment (these majors are popular with pre-meds for whom A is the only acceptable grade).
IB Math HL generally does not give any more advanced placement in college math than AP calculus BC. Is it a necessary check box for the IB diploma?