I'm not advocating anyone play with any tone controls or equalization. I am only suggesting that what amounts to remastering a track that has already been mixed down to two channels, regardless of the reason, is likely to be unsatisfactory.
I know my way around a mixing board, I once had a small recording studio in my home, and I have been asked to guest-mix live acts when for some reason the "regular guy" couldn't make the gig, usually due to illness or missed connections. So, over the years, I've been the Sound Man for Muddy Waters, Supertramp, Bonnie Raitt, and a bunch of other acts no-one has heard of. But I would not call myself a Sound Engineer, and I know enough to know what I don't know.
There really isn't a good way to perform what amounts to a remastering of a commercial CD, especially when all you have to work with is something already mixed down to two tracks. So, although I would not dare to discourage someone from playing around in Audacity or the like, I would not recommend replacing the original mix with the modified file. Trust me ... keep both, you won't regret it.
And going back for the moment to live mixing, it might not be common knowledge, but the low frequencies being reproduced in a live concert setting, and this includes un-amplified orchestras in the world's best engineered music halls as well as full on concert sound systems, are not going to consist of much energy below perhaps 50 Hz. The studio version of most music almost certainly has more bass energy than a live performance. Again, I'm not really seeing where the "missing bass energy" is missing from.
Note that I am not married to a "bit for bit" concept of accuracy; if I had the time I would process all my 16/44 tracks by normalizing to a more realistic volume level, so that listening via shuffle did not result in large variations in average listening level, or did not require enabling "Sound Check" in iTunes, or require listening via iTunes at all, for that matter. (I prefer Audivana or Fidelia).
Alas, I know how much work that is, and how little time us mortals have on the planet, and the two do not add up to a reasonable expenditure of my time. And the kind of processing proposed here falls into the same category.
Give some people a knob, and they will find a way to turn it to "11". Likewise, give someone a bass enhancer like that found in an Epicentre, and they will find a way to annoy your parents ;-). Neither is likely to be more accurate than just leaving the damn CD alone and hitting "play", with a reasonably voiced car audio system and proper subsonic filtering.
The reason the tone controls found on most preamps or receivers that incorporate them operate over a poor range is quite simple; that's what consumers buy. There are examples of more reasonable tone controls Sound Quality-wise, but the models that did incorporate them just didn't sell. Examples are QUAD and Luxman's uptilt/downtilt control (allowed +/- 1 dB bass and treble in 5 positions; example position 1 would be +1 dB bass, -1 dB treble, position 2 was +0.5 dB bass, -0.5 dB treble, position 3 was flat, position 4 was -0.5 db bass, etc). Another preamp with excellent, useable tone controls was the Apt-Holman.
Nor does the average multi-sub car audio system come close to being bass shy ... the cabin gain alone would take care of any missing bass below 80 Hz, if we are to believe this is a problem. But it might help the advocate of this "bass shy syndrome" in his home, with his horn loaded bass drivers, provided a judicious use of any controls were in evidence. Not exactly the same thing as your acquaintance and his clueless car audio installer, but then again I have said I don't see a problem, whereas the topic of this post seems to see one (his name might be Chris Askew; it's not clear from the link exactly who wrote it).
But given the choice between remastering my CD collection and turning to some electronic processor that takes no more time than what it takes to press the "on" button, I'll take the latter. If I have to. Which I don't. Plus, there is a large number of DSP options that again could perform the LF Energy modifications on playback without resorting to altering the digital files in a music collection one by one; the example of the "Richter Scale" was just that, an example.
As the OP said, " ... Check
the site, and let the discussion commence! ..." Just throwing in my 2c worth, and thanks for joining in with your comments. All in good fun.
Good call on my "Low E" error. The bass player who normally would sit in on our sessions played a 5-string and we needed to eq below 31 for his open fifth string (I'd usually tune a narrow-Q parametric filter to -12dB @ 25 Hz on his track). Low E of course is the lowest open string on a 4-string, not 5-string, bass with standard tuning.