I don't disagree Wyn, your method is as good as any, just that I tried similar and it didn't work for me.
With a powered system the manufacturer has done the speaker optimisation (some better than others of course) and it should sound pretty good straight off. I'm happy that my new rig does. When I get to the venue I play some music (Dixie Chicks, "Ready To Run" and Skeleton Crew, "Rock And Roll Dreams" usually) over the system and use Dave Rat's method of comparing the sound over my cans with the sound coming from the FOH (that negates most 'tired ears' effects), this just to iron out any room effects. I don't usually 'ring out the room' but I rarely work with mega loud bands these days (like you I'm 62 and my ears are not what they were).
The best example of clever speaker DSP I've heard is the Bose L1 Compact. The eq plot must be all over the place with that stack of tiny speakers but the audio output is more natural sounding than anything else I've ever heard by a good margin too
When it all comes down to it there are a million and one 'correct' ways to set up a system if it works for you then it's right.