I believe the "preamp" built-into the equalizer is intended to be used as an
attenuator (to prevent clipping of your DAC) rather than as an
amplifier. i.e. If you have a +6dB EQ boost you can set the preamp to -6dB so it won't clip.
You won't destroy your speakers under "normal conditions". If it sounds OK it's probably safe...
Depending on your amplifier & speakers you may have enough power to burn-out your speakers. A 100W speaker is
supposed to handle music or other program material that's hitting 100W on the peaks. But program material varies... highly-dynamic music has a lower average and less-dynamic music has a higher average, if they are both hitting the same peaks. And, you can't always trust the amplifier or speaker specs.
Also, there is normally less energy in the high frequencies so the tweeter doesn't have to handle as much power as the woofer & midrange. You
can blow a tweeter in a 100W speaker with 100W test-tones. and, since your ears are not as-sensitive to high-frequencies it may not sound that loud, if you can hear at all.
Or if you were to over-boost the high frequencies you
could burn-out-the tweeter, especially if you boost frequencies that are beyond your hearing range.
When you
clip you are creating high frequencies Harmonic distortion) that don't exist in the regular program material. But, it doesn't add
that much energy unless the clipping is very-bad so you probably won't like the sound, and even then the higher-harmonics are not as strong as the lower harmonics. Sometimes when you driver an amplifier into severe distortion it's the low frequencies that clip and a lot of the original high-frequencies are "lost" and you might even have and overall you can end-up reducing the high frequencies, that is... reduced compared to a higher-power amplifier that puts-out more power without clipping.