I thought of another thing to consider. For subwoofer purposes, you room is all the space that is open to your listening room. By this I mean if you have an open floor plan, where a great room is open the the kitchen, dining area and hallways, then your room size is figured using all that space. That was the case for my layout which came out to about 8500 cubic feet. I asked SVS about the need for a parametric equalizer and they said that with a room volume of that size, it would be unlikely to need a parametric equalizer. With that being said, I presume that smaller rooms benefit more that larger rooms when using a parametric equalizer.
I read up on the Behringer Feedback Destroyer (BFD) or 1124 and the way people were using it and I bought one anyway because I thought it was a bargain and it might be discontinued. I equalized an old Radioshack subwoofer for practice, although it was still cheap and incapable of decent bass. I bought an SVS PB12+2 on closeout in the hope it would be enough to fill my room space. I made a few tests and it seems like it will, but I haven't had any time where the family is out of the house so I can really try it out, run test tones and calibrate with the BFD. (It was kind of a purchase for the future where I knew I wouldn't be using it fmuch or a year or so.) Other audioholics can probably verify the actual sonic benefits of a parametric equalizer better than I can. There are before and after graphs of subwoofers equalized in various room conditions in some of the BFD literature on the internet.
Some audioholics feel that using a parametric equalizer is just trying to cover up underlying acoustic problems in the room and that the room acoustics should be addressed directly. By this I believe they mean things such as acoustic diffusers, reflectors, absorbers, bass traps and probably a lot more. This approach will likely end up spending a lot more money than the $109 for a BFD, but if you read the acoustics forum there is a lot of support for this approach and documented real benefits. I think the two options depend a lot on how high end you aspire to and available money. I think you can combine the two approaches, but again, someone else would need to speak to that issue.