It's a pretty basic EQ module and is aimed at the broadcast market. It would normally be used in consoles that had no EQ at all, so anyone used to a recording console would find them very limiting. As I recall, the biggest problem with them from a service perspective is the switches (particularly the bypass) would not pass audio reliably after a few years. You might be better off wiring them out.
You don't really need +/- 25V to run the module. The first thing the 25V hits is a pair of regulators, taking the voltage down to 18V. If you bypassed the regulators, and ran the module from +/- 15V, you'd be OK. McCurdy consoles of that era ran on +/- 25V so these modules had to handle that.
I think the basic design of the EQ is sound. It uses 5534 op-amps, although there are a lot of electrolytics in there (in the audio path) that you might want to change, considering the age of the thing.
We had three SS8800 series consoles in daily use for over ten years, and they were very reliable. McCurdy used all electronic switching in the audio paths, EXCEPT for those darn EQs, and that was what gave us the most trouble.
Geoff