One of the many things MC has going for it is its respect for details like this...
Although it's a nifty feature to make some manual adjustments and hopefully hit a better sound, the term "Room Correction" is, formally speaking, being misused in MC. When I first saw this appear in MC14 I said, WHAT?! WOW! Then was promptly disappointed (although not really surprised) that what's being offered under that term is not really room correction in the generally recognized sense.
"Room Correction" is generally understood to mean you're getting some kind of measurement facility, using an omnidirectional microphone, for measuring the room responses using different test-tone sweeps, taking an average of multiple tests (at a listening location or locations), using an algorithm to create an averaging, offsetting, compensation from the tests which ends in a highly complex combination of EQ and delay in the form of a filter that's added at the end of the audio chain.
It's showing up (with the term used properly) in upper-priced consumer A/V receivers.
Perhaps "Loudspeaker Customization" would be a more accurate and no longer misleading term?