Line in might need a different EQ, too, depending on what's connected. Bluetooth? Maybe ...Yes, I'd gathered that was what it was probably doing.
It does seem like a bit of an ommission, though.
And I do feel 'EQ by input' rather than 'EQ by output' is just plain bizarre. I know a turntable may sound quite different to digital, but in general a digital input from a CD rip or streaming service (presuming they're the same master) will sound the same, at least in as far s their EQ balance is concerned.
But speakers and headphone will all sound different, and be far more likely to need different EQ.
Another area where different EQ settings might be helpful are different radio stations ... but we cannot do that, because they're all treated as "Wi-Fi" (or "Ethernet"), just like USB ...