Thank you very much for the explanation. I'm glad I asked here before buying it. It's still a good device, hopefully they fix the issues."each output" means each output option in settings (ALL, HPA ALL, LO ALL, HPA SE, HPA BAL, LO SE, LO BAL) . So you can only have one PEQ active at a time which is applied to all currently active outputs (e.g. with LO ALL both line-outs are active with same PEQ) and when you change output option then PEQ will also change.
(Alternatively you can make PEQ follow input to have independent PEQ for each input.)
