You certainly can, but I would think the internal e.q. offers everything you would need.
You'll have to be careful about the input volume as the the e.q. source and the input knob on the keyboard will both need to be considered.
Personally, I use the automatic mic processing. It is better than anything I have come up with myself. I set it at 40% and forget it. Compression also about 40%.
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DonM