I think it's a bad idea to have anything even slightly processing the master while working on the track. Here's a reason case by case:
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EQ: Changes phase response for the whole song. More steep filter you use, the worse. Not so much of an issue, but in extreme cases it can add a wierd effect you get used to, but listener won't.
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Linear phase EQ: Adds delay, resulting in input lag. As the processed channel is master, no latency compensation will help you.
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Clean compressor, heavy settings: Screw's your idea about transients that actually happen in the track.
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Clean compressor, light settings: Not much effect as it only cuts highest transients.
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"Character" compressor: Adds saturation that potentionally might fool you into thinking you have a mixing issue somewhere.
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Harmonic exciter, tape sim: ...same reason.
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Limiter, heavy setting: Same problem as with heavy compression. Your idea of transients is screwed. You'll mix the track to liking, mastering engineer WILL ask you to take the limiter off and then you'll find out it doesn't sound good anymore.
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Limiter, light setting: You might miss some really high peaks. Taking it off and mixing quiter actually saves you some hustle in that case. Master limiter will bring it up anyway.
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Stereo widener: You get used to unusually WIIIIDEEEE sound. Your stereo image will fall apart when for example mastering engineer dials it back a bit. (Or when it gets played in mono. Cheaper cell phone speakers, some clubs...)
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Bass narrowing plugin (TP Basslane): It cuts low frequencies out of the side signal. If it makes a big change, it suggests there's a mixing problem somewhere else (not enough low-cutting, too wide bass) you're not hearing, thus not solving.
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Reverb - Some people like to "test" their track by putting it in a "virtual" room. It can help as a check for low frequency room behaviour, but shouldn't be on the whole time. It screw's your idea about how your ambience is behaving.
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Room simulator - "BUY THIS AND YOU'LL HAVE MONITOR SOUND ON YOUR HEADPHONES!" ... yeah right. Dunno. Tried, wasn't convinced. ...but whatever it does, I'd be really carefull to make mixing descisions upon it.
Analysis stuff like frequency analyser or steroscope is ok. It doesn't process the signal.
...also it's just an opinion. If you put stuff on a master and it works for you, ignore this.
