Brian, the area that I hunted several times yielded the Merc. I know the reason i didn't find it earlier was not because it didn't register but because I was frustrated with digging prior similar signals. It wasn't until I dug up all those other ones that I found the Merc. It may not be the best test in the world to go by but my conclusion to the test was that going over that same piece of ground several times taught me some about how each mode on my machine works. It taught me which mode and coil set up that I will use in most situations. I've gained some experience with the machine.......I have had a blast....... and I have a 1944 Mercury dime, a dateless Buffalo, and a handfull of wheat pennies that I wouldn't have had otherwise.
Is there an 18k ring there at 3" that a much less expensive machine could find..........Very well could be........But... if there is then it's because I haven't resorted to digging every signal yet which is the final round of the test.
If by the time I'm done, I have decided to upgrade to a more expensive machine and find several silver coins at 10" it will prove that the upgrade was worth it and that machine was capable of finding deeper targets.
On the other hand if i upgrade and find nothing new there it doesn't prove anything.
The best advice I think I've heard here is "Go slow and dig everything". Not that i always follow that advice and not that it will tell you which detector is the best but what it will do is teach you what you and your detector can do. I figure if a person can do that they have the battle won because we can debate what the best detector is forever and the truth to that question may be that we just may never know.
Buy the best you can afford and go slow and dig everything.