If you are going to use that technique, don't use extreme Q settings, because as I said you are mostly going to be finding resonances that aren't actually in the signal, but are part of listening in your specific environment. Granted you will find some of the problem frequencies from the source, but with a much lower Q you're at least less likely to find stuff that isn't. EQ should be applied gently, if you require extreme settings then you have a shitty source material, take some steps to correct that. There are no pro-spec EQ hardware units that offer such extreme Q settings, because they are next to useless except in extremely limited circumstances.

Just because something is repeated a lot doesn't automatically make it a great idea: see "Brexit means Brexit" or "Build The Wall" for examples.