i have EQ and yes you could design all the DJ blocks in EQ 5 or 6.
for me its really a matter of time vs. money. you can buy the DJ software from joann's for $38 plus shipping, so its about $45.
the number of block you have to design on your own in EQ are 220+.
if you figure about 15 minutes per block it would take you 3300 minutes or 55 hours.
while with the software costs you $0.21 per block, if you only count the original blocks.