I believe you may be "over thinking" this issue.
Try thinking about the sound on a frequency graph.
So the volume is the Y axis and the freaqency on the x axis.
For example purposes:
Boost the volume and all the sound frequencies get boosted by the same amount.
Boost bass/treble/mid and that section gets boosted.
What you hear is the comparison between the levels of frequency.
In other words, what you hear is the only important point (as long as you are not overboosting any level over the point of distortion on of any component in your signal path).
Use EQ to control the track as you wish to suit the moment in time you are playing the track (or for the purposes of EQing to the sonic characteristics of the room you are playing). However, use EQ sparingly otherwise it does sound pretty bad. It is rare to need to boost bass frequencies - bass has a lot of energy and can overpower the other frequencies very easily,as well as having the possibility to damage equipment further down the signal path.
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