the bandpass filter has different curve shape than the eq filters in the 550. so although the curves for the bandpass filter stop (looking at the api supplied curves) at -15dB or so, in reality, they keep on going, whereas the low-eq knob, in shelf mode, goes down to the shelf frequency and levels off. The filter switch is like having simultaneous HPF and LPF buttons on a channel strip, and they simultaneously restrict the bandwidth of the input signal. The slope of the curves are also different.