I don't understand Parametric EQ, but I think it's safe to say just for the Equalizer.
Hi rick
Lets say that the equalizer is the one shown on the AutoEQ site image. It's like an analog equalizer with fixed frequency bands. In MC17 DSP options, it is the equalizer (by memory... my dedicated PC is closed). This band equalizer image on the site page is why I asked the question. There is no descriptions.
IMO the 2 other DSP MC17 EQs are parametric EQs. They allow to define parameters like frequencies cuts, bandwith (Q), gain and slopes, low-pass, high-pass and other filter types.
I think it could have been named PEQ like many referred them here, but they do more than usual PEQs so...??.