Do you get clipping no matter what equaliser settings you use apart from the flat one?
I have other EQ presets which do not clip. They are not as extreme as this one in terms of detailed Q adjustments etc.
It could be possible that there is a mistake in one of the values for the DSP that are calculated when you set the equaliser. That could cause it to have a slight gain.
That's what I'm wondering about.
Can anyone else reproduce this with the settings I supplied and the file I supplied?