EQs aren't used much by anyone chasing high quality mainly because they don't fix the most basic problems and make their own problems. People will claim they use them to fix room problems. They only fix specific room problems in a room that's already been properly treated. If you're intending to use one to solve speaker response problems, you can pretty much forget about proper phase response if you need more that 2dB of correction. The speakers are the problem and thats where the solution should be applied.
I don't understand why people think tone controls and EQs are common or normal anymore. You don't see them on the cheapest portable speaker or the best gear money buys. A few brands throw them in, but they're not at all common on 2 channel audio gear anymore regardless of price, from the cheapest Schiit to the most expensive Pass and Boulder. The reason for that is $1500 will buy speakers like LS50's which do just fine with no tone controls.