Seems like the Multeq-X PEQ is just an additional way to make editing the target curve easier. Basically, it adds a bump with Q and amplitude similar to a PEQ filter, but in the end it's just a target curve modification. With enough (lots of) dedication you could probably achieve the same with the app. It's still not actually going to apply a PEQ filter. If you had a bump that Audyssey couldn't fix, adding a PEQ at that frequency to compensate will most likely not do anything useful.
Seems like MultEQ-X is basically making the measurement process much nicer as well as the target curve editing much easier. If you don't need either of those, you probably won't get any real benefit from this very pricy application, and should just get the 20$ phone app. Using Dynamic EQ and limiting the correction frequency while keeping the curve flat - I don't see what I could further improve with the app.
Although with MultEQ-X it would be faster to re-do the calibration as I could easily delete/re-measure bad measurements due to outside noise etc. With current app you have to re-do all speakers for the last measurement point, and can't change anything once done. But if you don't re-calibrate very often this might not be worth the price premium either.
Seems like MultEQ-X is basically making the measurement process much nicer as well as the target curve editing much easier. If you don't need either of those, you probably won't get any real benefit from this very pricy application, and should just get the 20$ phone app. Using Dynamic EQ and limiting the correction frequency while keeping the curve flat - I don't see what I could further improve with the app.
Although with MultEQ-X it would be faster to re-do the calibration as I could easily delete/re-measure bad measurements due to outside noise etc. With current app you have to re-do all speakers for the last measurement point, and can't change anything once done. But if you don't re-calibrate very often this might not be worth the price premium either.