Go get out your pitchforks, I’ve done a sacrilegious thing. . .

Why would one have desire to add eq to system if not needed, no inherent requirement audio systems have to have extra eq applied via dedicated eq. Therefore, eq would only be effective purchase for me if eq applied to each recording.

If adding eq for system balance, something in system not meeting your sound preferences. One can achieve system balance through various means, I prefer not doing this through add ons. I associate add ons as band aids, this being the need to repair something upstream or downstream of equalizer.

I suppose if I did have need of eq, I'd be far more likely to apply dsp via something like HQPlayer, rather have it in software vs hardware.

I've never experienced an absolutely transparent component, can't believe this has absolutely no sound signature.

Test of transparency is between no Loki in system vs Loki. Assuming no absolute transparency, I can see the tradeoffs being in Loki's favor. As with @ghdprentice  I have no need, have voiced system to sound best with widest variety of recordings. I'd only find system EQ valuable if changing settings by individual recording.

I guess I don't get it, equalizing system vs equalizing the recording. I don't need to equalize my system as it's voiced to my preference, the recordings another issue entirely.

I can't understand having this tool and then not using it for the greatest variable in one's system, the recording. As with some previous posters, it would drive me crazy having this tool to adjust for every recording, and not using it in this manner would make it worthless to me.