I've witnessed what happens when you give people access to an EQ. They ALWAYS boost the treble and boost the bass and they make it look like a smiley face.
Every car that came into the Audi dealer had this smiley face on the EQ. As soon as you got into the car you could especially hear the treble boost and it wasn't a good thing!
Boosting causes distortion. You can impliment the Fletcher/Munson curve without adding GAIN. You can get a smiley face by pulling down the midrange and not boosting anything. This raises the treble and the bass with NO distortion.
None the less, people love to boost. For some unknown reason they love a curved smiley face.
The EQ in the wrong hands (most people) ends up making a great system sound worse, not better.
On my home system a little bass boost from the subwoofer is all that's needed to maintain low level dynamics.

