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Hey Max,
I'm sorry that you're not having as great a time with the V10 as you had hoped. I personally found the 4-band EQ to be a dream upgrade from the 3-band EQ of a regular DJM.
In order to use the EQs to your advantage, it's best to understand that the two mid bands are only -26dB cut, while the low is a full kill. Thanks to the frequency curves of having 4 bands to manipulate, you may need to use the mid-low knob as well as the low to remove or enhance the low-end of the song.
Unfortunately there are no plans to change this via firmware, but we do appreciate your feedback.