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 , 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. 

None of my systems have tone controls.  I guess the manufacturers of higher end systems frown on that, and I can see why, but I have always used an equalizer of some sort.  The main issue I run into is that every eq that I have ever tried adds at least some level of hiss, even if very low. 

Regardless of what others say and even with excelled equipment and room acoustics I have always felt a need for some level of equalization to suit my personal taste.   

If anyone can point me toward a non- computer analog EQ (parametric ok) with inaudible hiss, please let me know!

@jtcf I have my preamp in front of my listening position under the television. My control units sit on an end table on the left side of my sofa (listening and watching position) I run my cables along the back and side walls. No real intrusion into the room. Your API unit, I would think should be able to handle cable runs of up to a 100' or more without issue. assuming that what ever is feeding it is also following a   fully balanced AES48 protocol.