I've been wondering for a while whether it is possible to compensate for uneven frequency response in a pair of monitors or headphones.
For example: I use the KRK Rokit 6's during my mixing as well as the AKG K701 reference headphones. If I knew the frequency response of my monitors/headphones, I figure I could correct the unevenness with an EQ on the master track, and mix with that EQ, only removing it before I bounce to audio for mastering. That way the response of my monitors/headphones would be flat during mixing (hypothetically) and I could get a better mix.
If I could use a compensatory EQ on the master that boosted the low end, lowered the low-mids a bit and lowered the 6k-9k range, would I not potentially be hearing a flat mix?
This seems like an obvious solution to the problem of coloured response but I have a sneaking suspicion it's not something that generally works. Can anybody explain to me what the potential shortcomings of this approach might be?