I just found this guy who mods the Boss 7 Band graphic EQ to a lot lower frequencies. I find this rather nice.
My love for the GEB-7 has dwindled since I got back on my real bass amp and really listened to how it affects my tone. One complaint I had was the high-end treble on the pedal.
I can't help you too much, but I can tell you that I just picked up a Boss GEB-7 w/ CMATMOD and it was impressive. The bypass was clean and uncolored, flat was really flat, and the tone was unchanged/uncolored when on! Highly recommended if this mod that you found is close to the CMATMOD.
It is also the fundamental frequency of a low B, hence the mod.
50 Hz is well low enough for proper EQing. I see no reason to modify a pedal that does a perfect job, as far as frequencies are concerned.
Now yeah a mod that would enhance clarity and neutrality, that would be a good thing.