For a while now I've been trying to find out more about eqs. In particular to answer some questions, the main one being what is the advantage in buying one digital EQ over another, or buying any digital EQ's at all when you have them in your DAW. Here are some thoughts on it:
Part 1
All digital EQ's do not sound the same.
While in theory they can, they don't. If we have 100 EQs which are all technically capable what would the advantage be of one over the other? The reason is very simple, it's in the curves. People talk about the colour of EQ's, I am not sure what colour is supposed to mean here, we have harmonic distortion and so on, but often it's very subtle.
What I can say is different EQ's definitely bring out different parts of the frequency spectrum, so if your using the same EQ for a while you will begin to notice over time it's "colour" or the general way it brings out those frequencies in your sound. That is to do with the curve and the Q relationship.
So, what I mean is, boosting at 1.5k will sound different with waves API than it will with NI passive or SPL Passeq because of the way the boost interacts with the Q. So when you boost with one it is pulling up frequencies a little differently from another. That difference is thought of as the "sound" of the EQ right?
Then shelves also differ. I was quite surprised when I was the curve of the NI passive when doing a boost on the low shelf.

You are boosting and cutting frequencies you may not have realised at first but it makes sense.
With these different designs then you are buying the knowledge of the designer, it's made more immediately usable to someone who maybe is not that well versed with EQ. Until very recently I'd say EQ was something I really had very little idea how to use properly. I think I am getting there now.
Then there is Part2
All digital EQ's do not reach the ideal.
I will need others to chime in here, but I am sure some EQ's just sound better than others regardless of their settings, some EQ's just always sound nice others always sound bad. An example of some of the best sounding paragraphic EQ's I can think of "Equality" and some of the worst "Cubase Studio EQ".
I am sure that what is shown on the graph when you tweak these is not accurate in every case, and that the actual curves of one is more accurate than the other, making one work musically and the other sound off no matter what you do.
Conclusion
Spending time thinking about EQ has change the way I work and has made a huge difference in my music. I now consider EQ to be the number 1 factory in my mixes whereas before I tended to think of the Compression and Reverb as being the most important parts of the chain.
I have realised that EQ's are not only good with wide Q's like the good old analog classics, but with extremely narrow Q's as well. I've always thought of notches as a way to remove problematic frequencies, especially ones to do with recordings, but with electronic music you don't have these problems. But now I've found that notches can really bring out the right parts of a sound and make them punch, while taking notches out of certain areas can really clean up the mix and make room for other parts, and what you are left with does not sound strange.
So now I am thinking about getting H-EQ for the piano as I am hoping I will be able to make room for certain notes of a part by taking notches out of those "note frequencies" away from some other parts.
