Yeah graphs are useful to tell the rough tonality and FR of a transducer, but it doesn't tell the full story.
Standard graphs can't really inform us 100% on a transducer's technicalities - soundstage, timbral accuracy, transients, imaging, instrument separation. Some of these can perhaps be hinted but not 100% confirmed until listening. I guess graphs are a good gatekeeper to see if you will like or dislike the tonality, but other than that, it ain't telling everything.
For example, for IEMs, 2 graphs can graph similarly, but BA bass and DD bass in general sound very different, even if the graphs show the same amount of bass quantities. Generally, BA bass sounds lacking in decay and movement of air, unless if it is vented.
2 IEMs can graph similarly, one has BA timbre due to BAs used, while a single DD of the same graph may sound more natural for acoustic instruments.
The TOTL Final Audio A8000 graphs similarly to the KZ ZSN Pro. But the A8000 is leagues ahead in timbral accuracy and technicalities (soundstage, imaging, instrument separation, micro-detailing, transients).
Tonally, while the Olina and Oxygen are similar as the graphs suggest, on actual A/B testing, the Oxygen sounds smoother, being less bright/sibilant and causing less fatigue than the Olina during longer listening sessions. In terms of timbral accuracy, the Oxygen is more natural sounding, with the Olina sounding nasal. The Olina also has a less tight bass; the low frequencies sound a bit undefined and lacking texture compared to the tighter and cleaner bass of the Oxygen.
I've met some folks on forums that claim they can EQ any IEM to sound like a TOTL IEM. Well if that were the case, why not just buy a $1 budget bin IEM and EQ it to a QDC Anole VX and call it a day? Some transducers cannot take too robust EQ and distort, and you can't EQ away bad timbre or technicalities.