There's a subwoofer slider (around the icon) if the bass feels too heavy, and some songs require it to be toned down if it's already processed to be bass-boosted.
My Jabra headphones don't seem to apply any processing by default, and I prefer how they sound with the processing. If your headphones already boost bass or apply another effect, stacking the processing can be grating (which I've experienced when I record a video and play that through the daemon running).
I guess it's a matter of taste. I just like music sounding as though it's coming from a little farther away, and I suppose the bass-boost might be what you're finding unpleasant.
Yeah the default bass boost is too much. I set it to point straight left and its sounds way better.
Seems to depend on the source audio too. The demo at the top of the page sounded good, but in the demo at the end I tried some rock music that already has a pretty wide stereo image, and it made it sound very 'squished' and like it was coming from inside my head, on top of lots of weird distortion/phase issues.