Yes, there is an EQ block in the KPA - with big knobs
But there is much more - we have separate EQ blocks.
If a parametric EQ block is placed before the STACK (D slot) and another EQ block after the STACK (X slot) - then a lot can be done with the raw amp sound of the profile.
Especially if you are after HighGain sounds - reducing the bass a lot before the STACK and then add it later after the STACK.
I used to do the same with a distortion box called 'Womanizer' from DamageControl:
Parametric EQ - Womanizer - Parametric EQ
This can create great HighGain sounds.
Now I can do the same with the KPA only