yes you can select the different eqs for each band, that what makes it for me, along with the input modeling, i don't believe there any other channels that do this, to those guys who have used a psp vintage warmer for guitar tracks, the CSP blows the shit out of it when used properly.
but yeah take some time with it, there aren't that many options to confuse, once you get the hang of it, you may not stop using it.