Piedpiper...I agree that unnecessary equalization is a bad idea. Along those lines, I have experimented with a biamplified phono preamp. We (RIAA) go to the trouble of boosting the low frequencies, and then we use a crossover network in our speaker that cuts the lows back down for the signal going to the mid/tweeter. I found that feeding the tweeter with the raw (no RIAA) signal with just a passive filter to roll off the boosted highs gave remarkable clarity. Of course the woofer needs the usual RIAA LF boost. For this approach to work the design of the preamp and the speaker needs to be coordinated, and some provision needs to be made for signals that are flat, Tuner, CD, etc. A good DIY project, but not suitable for the mass market.
As for the tape hiss on pre-Dolby master recordings, you don't need a "high resolution" system for this to be evident, and, IMHO, annoying.
As for the tape hiss on pre-Dolby master recordings, you don't need a "high resolution" system for this to be evident, and, IMHO, annoying.