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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@baylinor ,

Us older philes had a negative view of tone controls and qualizers because the older analog versions messed up the image and added distortion. DIgital versions do not do this. 

@mijostyn , Trinnov Amethyst has 64bit floating point processing. Can you in anyway compare and contrast its capabilities vs the Chord Mojo2 104 bit processor?  I know that one it’s face this query seems ludicrous because the Mojo2 is an $800 portable device. But I ask anyway. I’ve used the Mojo2 as a source dac EQ in both my big rig and my headphone chain, and the CO approach sounds better.