If I am following the EI dosing method, and I have very hard well water, do I still need to use the equillibrium?
If your hard water has a GH around 6 or higher, you don't need Equilibrium. But, if the "hard well water" just has a high KH, you may want to use Equilibrium to get enough calcium and magnesium for the plants.
I'm not sure how high ppm's are considered "bad". Low, about less than 1-2 ppms for either. A wide range in other words and adding a bit more to account for ratio uptake based on N can help get a rough estimation how much to dose.