One can design something and trade off group delay for cost or something else. And someone else can use an EQ to correct for it, or ameliorate it. Just they cannot do it with a PEQ.
Most simple natural non linearities are minimum phase... including crossovers, RIAA EQ, speakers, phono cartridge cantilever and electrical resonances, and many others.
These can be corrected by simple PEQ - the simplest filters / EQ circuits are all natural Minimum phase - and because of the simple reciprocal nature of the time/amplitude/frequency relationship, if you use one of these standard filters (or old style graphic equalisers) to correct/linearlise the frequency response, the end result will return time, amplitude and frequency to their correct original alignment.
Sometimes simple is the right thing!
But some things are mixed phase.... and then it gets really complicated - and there is no simple way to correct it.
Phono cartridges are a good example of a relatively simple 99% minimum phase environment - the frequency response of a typical MM cartridge, is driven at the high end by a combination of the filter created by the cartridge inductance and the phono stage (and cable) capacitance and resistance - the result is a minimum phase filter.
All cartridges have a cantilever, and a suspended cantilever will have a natural resonance - depending on its effective mass this will be somewhere in the 8khz to 20khz range (some exotica have it even higher) - this will cause a resonant boost around it - which cartridge designers use to balance the natural drop off caused by the previously discussed electrical filter... - thereby achieving nice flat and extended frequency response by balancing several different minimum phase systems...
If Neutrality is wanted with a phono cartridge (a very rare thing!) - simply using a test record, and equalising with minimum phase filters, will achieve the goal without messing in any way with phase - because the other properties we are trying to correct for are all also minimum phase.
(Note: the one exception that I am aware of in the phono cartridge is the cantilever twisting influence on the sound, which is mixed phase - on most quality cantilevers however, this effect is very very small by comparison to the influences discussed above... and cannot be corrected for by filtering - only improved engineering of the cantilever system can help)