If so, I think I understand what you mean and I agree with you.
My thoughts were a bit confused on these topics so my posts probably contain some reasoning errors, but in the end I think what matters is we agree on the answer to OP's question, i.e.
For any given theory T at least as strong as ZFC (and maybe even some weaker ones) then
- BB as function is well defined in T - However there is some number n_T after which T can't prove any upper bound for BB(n) for any n > n_T
I think this is a very interesting result because the fact that any axiomatic system will be powerless to describe this function's growth after only a small number of steps expresses pretty well how mind numbingly fast it grows.