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. 

tattooedtrackman

“Using EQ effectively is usually MUCH LESS EXPENSIVE, and often times it is FREE, as it's built-in to nearly all DAPs. And EQs or EQ plugins are available for nearly all computer-based music playback software or network streamers.”

Many of the above mentioned examples in the quote will suck on the hi fi playback end.  BEWARE!  If you’re an audiophile you’re really gonna want stuff the caliber of which is used in a studio. Or you’ll be disappointed 

@lordrootman , what do you think about room and speaker correction with SOTA DSP first (get room physically as right as you can before, actually.  And speaker placement). Do all that first. Then would you say it’s ok to EQ tonally with high end analog gear?  Or is that too much?  
I have a good room I think, but haven’t DSP corrected speakers or room response yet. I just do analog EQ with a piece that I love and sounds absolutely sublime. Should I stop there, or try to do the DSP for speakers/ room too?  Your thoughts infinitely appreciated!