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. 

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@tlcocks if I can manage to successfully convert from XLR to RCA (preamp) I'm going to go for a pro model parametric eq.After installing an XLR from the dac to the Lokius and realizing a surprising upgrade in SQ I've been experimenting with XLR to RCA adapters and an XLR to RCA custom cables on the Lokius output. Either method works on bypass but really noisy when the unit is on.Next up is to try an Art Cleanbox Pro and hope that eliminates the noise. If not there is a passive converter that includes a ground lift to try -Radial Pro -Iso is the brand I could find.The reason I'm determined to try is because in bypass using the XLR to RCA cables the SQ took quite a leap up which I totally did not expect. It's just a cheap cable that all I'd hoped for was to get the signal through quietly.

  Yes I could just get a new preamp with balanced connections but I like what I have now so I'll continue experimenting for the time being. The last option is the MQ112 which requires a long day traveling back and forth. The downside of country living:-)The Lokius is a nice little unit but I'd like to find out first hand about broader overlap and fine tuning.