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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@scottwheel was commenting specifically on DIGITAL EQ. your MQ112 (for those catching up) is ANALOG

I am seeing a fair amount of discussion on the BACCH SP in this thread. I will chime in with my opinion on it. I think it is arguably the biggest breakthrough in spatial audio playback since the invention of stereo. But the BACCH works best when room interaction with the speakers and listener are minimized. The goal of the BACCH system is to extract the spatial cues on the recording as completely and accurately as possible. To do this the spatial cues of the listening room need to reduced as much as possible for optimal effect. While I am in favor of EQ as the final application of frequency response corrections as much correction as possible should come from the speaker design and room acoustics. EQ is best used for room target curves and flavoring for personal preferences.