I think Bose made a mistake calling that little box an "Equalizer".
Without it properly connected to the system, you are not listening to what the Bose engineers designed and called the Bose 901.
Conversely, you cannot use the Bose EQ with another speaker to modify your sounds (in any meaningful way).
In other words, it is part of the speakers, just like the cabinet, and all those little drivers inside each box are. The curve it applies to the sound is there to make them sound "normal", not to spice them up.
And yes, as another poster said, you can connect another equalizer along with the Bose EQ box.