> why do manufacturers sell expensive "linear phase" EQs? Are they just capitalizing on consumer igornance? <
You now understand fully the deepest mystery, and the origins of audio mythology. And consumerism in general.
Next up - alternative medicine.
> Now, 500 microseconds is obviously beneath the levels of human perception. But it's an echo nonetheless. <
Yes, but all frequencies are not delayed the same 500 microseconds. That would create a comb filter having a
series of many peaks and nulls, which is the basis for phaser and flanger effects. With an EQ based on resistors and capacitors, or a digital equivalent, it's really phase shift that creates the "delay" as opposed to a true broadband delay.
> And the contention in the articles I've read is that repeated EQing (e.g. if there's EQ on the way in, then EQ on the track, then EQ on the master bus,) will compound this "echo" effect which can lead to smearing of the sound. <
There's no such audio parameter as "smearing." So when you see someone use that term you know right away they don't understand this stuff at a technical level. Read: 95 percent of audio magazine writers. (And 99 percent of audio forum posters.)
Echoes can give an effect you might call "smearing," but that's for echoes in the milliseconds range (and more than one echo). For example, "smearing" might be an appropriate term when you have loudspeakers near reflective walls and no acoustic treatment at the first reflection points. Since sound travels at about one foot per second, distances in the "several feet" range give delays in the "several milliseconds" range. It's not possible to perceive a single echo shorter than 20 milliseconds or so, so what is really heard is the effect of comb filtering.
In the case of loudspeaker first reflections, this "smearing" is not only one echo, but three - one each from the left, right, and ceiling. If the floor is reflective make that four echoes, all with slightly different delay times.
> (To EQ at 50 Hz the delay time is 5ms.) So shouldn't this echo effect actually start to become obvious when EQing lower frequencies? <
Again, this would be the case if the EQ were done using a broadband delay, where mids and highs were also delayed, but that's not how they do it.
--Ethan