Contrary to what everyone in the "prosummer" recording market seems to think, professionals use EQ during the recording stages all the time. While I was at Berklee, I sat in on a master class being given by Eddie Kramer. If you don't know who he is, he was (among other things) the recording engineer for Jimi Hendrix, Bad Company, and MANY others. He is one of the true greats in the industry. While he was setting up, he spent a great deal of time telling us how important it was to not use EQ, but to instead move the mic around to get the sound you are after. He then went into the control room, and the first thing he did was set levels, and then start to EQ the signal. I have seen this with every professional engineer I have ever worked with. You spend the time you can getting the sound by moving mics, and then you EQ, compress and gate (and yes, you SHOULD do some dynamics during recording). If you want more evidence that pros do in fact EQ while recording, go over to the guitar forum on the MARSH (over at prosoundweb) and read Slipperman's thread on recording distorted guitars. He goes into a lot of very good stuff on there (and I have only read about a third of it), but one of the points he makes is that, when you EQ before you go to tape, you get more of the information you want to tape. Now, with analog this is important because it means better sounding tape saturation, but even with digital, it improves you signal to noise ratio, and just plain sounds better. Better bit management.
On the other hand, if the only EQ you have available is that of the 1202 (or any Mackie EQ, really), you are probably better off not EQing at all. Those Mackie EQ's suck major ass. Invest in a Crest X-Rack or a Speck ASC to get some good quality EQ for a reasonable price. You could also do it in the digital domain, if you have a digital EQ you like the sound of.
My point is; EQing to tape is an important, and common, technique. Trying to put a "rule" of when you should use EQ, or compression, or anything else (for that matter) is foolish. You should learn the techniques, and then use them as seems best. It is usually best, in my opinion, to make things sound as much like you want them to in the mix as possible when you are tracking. It frees you mind up to worry about more important things while you are mixing (such as levels, panning, and ambience). "Fixing it in the mix" is the call of those who lack the creativity, the talent, or the skill to get it right the first time. Make it sound good from the beginning, and you will be much happier in the end.
Light
"Cowards can never be moral."
M.K. Gandhi