You're correct Detector for the most part.
If the target is pretty much open and not discriminated out, real deep, or masked by other metals, nails, and junk most any detector from bounty hunter to harbor freight will hit it.
It's when folks start looking for more separation, depth, multi tones, screens, programs, and a myriad of other options is when they get their wallets out and pay up.
Not so different from fishing with a cane pole or choosing a $300 reel. A John boat and paddle or a V (pick a model) Ranger with a 300 HP outboard.
The choices then are almost too many to count and that's not a bad thing but the Bass tournament could also be won from a trolling motor powered John Boat. It would just take longer to get to the weigh in
And as far as I know fish don't know what's on the other end of the line so why should a relic or coin??
One of the early GNRS East coast Civil War "Grand National Relic Shootouts" hosting 150+ entrants using every detector known to man in really hot ground was indeed won by Bounty Hunter.
So, when the dust clears the only real constant we can count on in this hobby is the enjoyment we get from digging holes, finding things, meeting people and sharing the results with others thereby reducing the number of hours we spend on the couch which can translate to slimmer waistlines because it's hard to eat and metal detect at the same time.
Time has proven that folks that metal detect can often be measured by their finds, but never by the make or model of detector they use.