Equalizer in a Hi Fi system

Just curious to hear everyone’s opinions on using an equalizer in a high end hi fi system. Was at work tonight and killing time and came across a Schitt Loki max $1500 Equalizer with some very good reviews. What are some of the pros / Benefits and cons in using one. Just curious. BTW. I’m talking about a top of the line. Hi end equalizer. Mostly to calm some high frequencies and some bad recordings. 

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@jtcf Since the API is a pro piece it is a fully balanced design and will support very long cable runs with very little to no signal degradation, you could place the unit within easy reach of your listening position so you do not have to get up to make adjustments.

I know another Audiogoner who did exactly that with a Charter Oak PEQ-1 (my unit) that he bought used in excellent condition on Reverb. It sits right at his listening spot. CONTROL CENTRAL. 

@jtcf , awesome to hear it’s working out for you!  The pro analog gear are really another level or two up from where Schiit is. In most cases just no comparison. 

@audiorusty having the EQ nearby would be ideal but not practical to have them running across the floor. Drilling down and running them underneath would be an option.Something to think about:-)

My experience with the Lokius was not good. Even 14" away from the nearest power supply there was a hum when using the 400hz band, plus or minus. Any closer, and there was hum all the time. I had it connected balanced I/O but the hum was still audible. It has a SS gain stage that put an edge on my tube pre. I returned it.