My approach has been similar, adjusting each backing track not through headphones but in my rehearsal space, my intention being to then adjust for venue room acoustics using a global EQ if such a process exists. Not come across the term ‘pink noise’ before, is this an audio equivalent of a screen Test card (apologies if you’re not uk based and do not recognise this term!)
I am almost entirely new to sound engineering, only really having guessed my way through with reasonable results. I really want to learn in order to exploit the DL and maximise the quality of our sound.