I had one of these for years and it really is a pretty nice unit. Although it's called a parametric EQ, PE-20 (Parametric Equalizer 20) it's just Tascam's usual semi-para design. The high EQ is 10k shelving and the medium and low have a fixed fairly broad Q. It's very usable and musical, but not something you’d use to really narrow in tightly to a specific frequency. I sorta wish I still had mine, but I sold it along with the rest of the System 20 modules and the meter bridge about 20 years ago. For a time I used the PE-20 as EQ for my Tascam 246 portastudio through the inserts of four channels because I felt the PE-20 was a bit better.
With a signal-to-noise ratio of better than 80 dB, the PE-20 is the quietest of all the System 20 modules but it's a little noisier than it needs to be, so I modded mine with better op-amps. If memory serves me correctly the System 20 modules had the ubiquitous (at the time) NJM4558’s throughout. I put NE5532A’s in all of them. If I had one today I would replace the op-amps with NJM4580’s, which are especially sweet in EQ circuits and are drop-in replacements for any of the earlier 45xx op-amps. I would also replace any carbon resistors in the signal path with metal film types.
Here are the stock specs:
S/N Ratio: Better than 80 dB
THD: Less than 0.1% @ 1kHz
Crosstalk: Better than 60 dB
Equalizer:
High: 10k Shelving type
Mid: 1 to 8k adjustable
Low: 60 Hz to 1.5k adjustable
All EQ level adjustable +/- 12 dB
I don’t know the exact fixed Q value because I’ve never seen it listed, but from experience… just listening to it, the Q is fairly low, which gives it a less harsh and more musical gentle effect. IMO it would make a pretty decent mastering EQ if you feed channels 1 & 2 into Channels 3 &4 for more control. You end up with a 2-channel EQ that way, but with a lot more options.