it's a hang up from classic recording techniques imo.
when recording a band for example, most of that cutting is to remove crosstalk from the different channels as much as any unwanted freq from the channel itself.
ie, drop everything below 80 for your guitars, as that's where the errant bass might be or a bit of the kick.
kick and bass drop everything above your highest bass note...
itb with software instruments only, there is no cross talk, so eq shouldn't need to be so drastic, nothing more than a slight cut or boost here n there (although, stop being lazy, do it in the synth )