To be clear:
1) Per Kijanki, EQ is not a "magic bullet" that fixes all problems. It is - IMO - a magic bullet that fixes one BIG problem.
Per Ja2) FR issues below 150hz or so have been IME virtually impossible to correct with traditional room treatments - including tuned Hemholtz devices.. Even if you fir out the walls to achieve ideal (or near ideal) relationships, you still have serious FR issues in most rooms with most speakers.
For instance, you will end up with destructive interference - unless your speakers are mounted on the wall or soffited into the walls. Quarter wave effects generally result in gross FR deformation (>10db at some point in every room that I've measured) below 150hz. Parametric EQ can bring that to virtually dead flat (depending on the system you're using). I find the delta instantly and dramatically audible. A simple visit to any HT retailer will allow you to A/B Audyssey. Form your own judgement, but I would be shocked if anyone missed the impact of the parametric EQ.
This certainly doesn't mean that everyone will like the sound of such a system. But, for the OP's question regarding a room too small for his loudspeakers, I don't know of any alternative to EQ. Even in a good sounding, fully treated room, I've yet to find a passive room treatment that is effective much below 100hz where these effects are so clearly audible.
I'd agree that traditional passive treatments are useful for many problems (particularly as Kijanki noted, issues related to the reverberant field - slap echo, etc.). That is why my listening room is heavily treated. However, I still use Audyssey. If you wanna fix the bass, there ain't nothin' like parametric EQ.
IMO.
YMMV (but I kinda doubt it.)
Marty