Again....I can't relate to this mindset.
Omastic. If you spent, say $2000 on a receiver unit for home audio and it basically had an ON/OFF switch with no other adjustments.......are you okay with that? I mean, it's a $2,000 unit so it cant possible need any adjustments. It's already really good, right?
What I was trying to say is that when you spend so much on an iem, it should at least sound good in the stock form. Of course you can EQ to tailor the sound to your preference but if it needs a "quick fix" of the EQ to make it listenable (as you said in your post) then obviously something is out of place!
I would rate an iem based on its stock form because to me that is already the finished product the manufacturer is selling. EQ can make many cheap iems sound awesome but when you have to do the same for something that costs 650$, well I just don't agree :-)
I don't quite understand your comparison of an iem to an expensive receiver unit. Of course I would want to have features like EQ on such an expensive source but in my opinion it is there to compensate for the shortcomings of any speaker/headphone/earphone you choose to pair it with.