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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@jtcf I'm assuming you are new to API eq.  API EQ's have long been a standard in studios.  The most famous model 550 has stepped controls.  This is both sonically superior, AND more easily & accurately recalled at a later time.  This new API eq is half the price, and uses pots instead of stepped controls.  I'd prefer the continuous pots anyway.    So happy to hear you are enjoying it!  

tlcocks  jtcf:  Thanks to both of you for the info on the EQ.  I am definitely going to do more serious research into the API equalizers.  It may sound picky, and you can call it girl stuff, but I want them in black and no rack mount ears, or removable ears.  Only one of them will be going on a rack, the others not.  I like everything to match!  
mirolab  Thank you, someone recommended that one to me.  Although I know they make good stuff because I had a few components long ago I am no longer into McIntosh.  I know that their newer stuff is more neutral as opposed to their older warmer sound, but their overall looks and voicing are just not my preference. 

I have the Loki...Love it....But I'm ordering the new McIntosh MQ 112...For 3K it's a winner.