I've recently done a few tests with fb2ks equalizer (and Cool Edit spectral analysis). It seems like the transition width between to bands is ~ 20 Hz (for 20dB difference between bands IIRC), no matter what band.
IIRC the 55 Hz band looked like this: 0-55Hz constant (100%), 55-75Hz transition to 0% (simplified).
If an additional "39 Hz" band was added, this would happen:
39Hz band: 0-36Hz = 100%, 36-56Hz = transition
55Hz band: 36-56Hz = 0-100% transition, 55-75Hz = 100-0% transition

=> the 55 Hz band wouldn't reach 100%.
Bands lower than 55Hz would overlap too much = quite pointless. To get steeper transition (= lower transition with), longer filter windows would be necessary = (much) more processing power needed, problems like pre-ringing increased.
BTW: You can always use convolution (impulse response) to "copy" any equalizer with any settings you like to be used with fb2k (Garf's convolution DSP).