I don't keep track of various equalizers. I just did some basic checking of reviews and comparisons when I was looking for my EQ. The ART isn't exceptional, but it is good for its price range. The full size (1U or 2U rack size) Behringer EQs didn't do well in comparison reviews (other than being the lowest cost option). The ART does good enough for me for tweaking the sound to my monitors.
I use an external EQ for the monitors because not all of my music comes from the computer. I can't rely on a digital EQ on the computer. For example, I need an external EQ if I want my phono to get EQ treatment.
Quote:
Originally Posted by backtoreality15 
My main reason for using an external EQ was that I wanted bit-perfect coming out of my source, giving the DAC something pure to work with...
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That would be a viable reason for not wanting to use a digital EQ from the computer. But would be most critical if you actually needed true bit-perfect signal to the DAC, for example if the DAC is able to decode HDCD. Otherwise bit-perfect to the DAC is a nice goal but not critical if things like EQ are more important.