Well, no one has any input so I decided to spend $50 and get one off of ebay. If anyone wants to know what I think drop me a message in a week or so...............
I've got one major peak that I want to eliminate, so I'll be able to take care of that one for sure. I'll plot it out with a test disc and see exactly what I have when I get ready to set up the EQ. Basically I'll be able to set the first band anywhere in the range of my sub, the second band will cover me from 60hz to the 80hz that I have my sub crossover set to. So that's only 2 bands, but I figure that is better than what most of the subs are that have a parametric eq built in on them, don't they usually just have one band?
This is why it’s a good idea to analyze your room and determine your needs before you buy an equalizer. Two bands isn’t much to work with, but if you don’t need any more than that, you’ve certainly made a killing for only $50.