A factory reset will not lose anything on your stick, but you DO lose all your Global settings and Defaults. You can’t store these on anything, you HAVE to write them all down (the EA7 added storage for these).

These include things like any MIDI Sets you have, FC7 and control pedal assignments, all your Mastering Tools settings, your Track Mute settings, and many other things including your Startup default (save this as a Performance and reload it after the reset).

But you will not lose anything on the stick, although I’d recommend removing it before you do the reset ‘just in case’!

But…. To be quite honest, I don’t think that a reset solves this particular issue. Unless you are SURE that at some point in the past you were able to store the HB EQ settings I simply think you found a bug. A reset doesn’t fix an OS bug.