I’m loving "Live" for that very reason – the EQ 🙂 I’m going to buy a version here shortly, and even if I never used it for any external stuff – just Pipeline and source audio from my laptop – it’s worth the $$$ just to have that really nice equalizer.
Using the FM mode EQ does work just to tweak the output – though you’re limited to a HF control with no adjustable center frequency and only one band with full range. And you add a bit of delay.
Clearly this isn’t the intended purpose of the FM mode, though, which I realize. 🙂
Jim