SubEQ does simple level matching at the MLP, what it does not do, is try to actively process the signal to level out peaks and troughs in the listening area - which is the sort of thing DLBC does do. (not sure about ARC - but I believe it has similar functionality? anyone want to chime in? ) - also, I don't believe SubEQ tries to do anything with impulse response.
What the new generation D&M provide is the ability to seperate and localise subs in the quadrants of the room - allowing for bass localisation
Hence my comment - I had an AVR with SubEQ - and ended up putting my 2nd Sub in storage, as the negligible gains, did not offset the inconvenience of positioning the 2nd sub in our living space
That may all be true but I often wonder if done in DBT or even SBT level matched, whether one can pick the better sounding one (to the individual) consistently. That is, all else being equal, DL with no DLBC vs XT32 Sub EQ HT.