As others have said, a cheap equalizer is not going to be absolutely transparent. But in a second system, maybe it doesn’t matter. Another issue is whether something like the Loki, with 4 fixed bands, might be easier to adjust than, say, a 1/3-octave (31-band) parametric. I owned a Cello Palette Preamp years ago, and it was a pleasure to tweak 6 knobs instead of the 62 sliders (31/ch) on the graphic EQ I owned for a while later on. Even six seemed like a lot at times.
To sum up, sometimes simplicity outweighs flexibility; and if possible, listen before committing.
To sum up, sometimes simplicity outweighs flexibility; and if possible, listen before committing.