Dunno if that's the best way. I would pobably do more A/Bing with records that have enuff bass and sound decent in a club + check with a spectrum analyzer as well.
Using something like voxengo curveeq or any other tool that offers eq snapshots (and maybe even spectral matching) as well can be very helpful.

Applying the eq matching/cloning won't necessarily produce an instant hit record eqed to perfection but it can tell you where you are way of. Then adjust accordingly.Fletcher-mundson syndrome might be worth looking into as well.

Hope this helps, my friend.

What you wanted to try might work as well. Or something like

http://www.ikmultimedia.com/NewsDisplay.php?Id=1003

http://www.ikmultimedia.com/