A few notes for Mac Users. Although I am in early stages of using this combination, my experience may help if you are looking for a Mac-only approach.
If I have understood the process correctly we need
1) pink noise generator
2) sine wave generator with easy way to slowly move the sine wave up and down the frequency scale looking for unnatural loudness peaks
3) parametric equalizer with several points of control that can be moved freely to the exact points the sine wave testing identifies as the peaks that need to be 'equalized'
I believe I have all these in each of the following Mac audio/DAW type programs on mac: Audacity (Free), Reaper (Small cost, excellent program), Twisted Wave (Free). My personal favorite is the last one (it has a wonderful batch processing mode), although I like all three and have used them all for different purposes.
Twisted Wave has a standard tone generator which meets the need of the first two items, and it can access a very wide range of effects such as AU (audio units), components, some VSTs etc.I personally have been using the (free) Melda Production parametric EQ effects (various sorts).
I have a lot of headphones, dynamic, electrostatic, and orthodymanics.
I started with a modified Fostex T50RP...for no other reason than that it was close to hand and my current favorite phone.
Initial result for my phones (and ears). Interestingly I can hear the differences between the effect and the bypassed version. The width of the correction is as important as the depth and position of the center of the correction from my brief experience. I had initially allowed the width of the correction to be too wide, so that the 'corrected' version sounds much duller. Some slight dulling of some aspects of the sound is to be expected (its what we are trying to do with the eq after all!) but I do notice that after the correction that some sounds that would otherwise be piercing and uncomfortable is now tamed. I clearly need to do more listening, and probably spend more time really tuning this EQ set up for these phones, but its a start, and its all on a Mac....

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