There are two "speed" parameters that are often confused: latency, and recovery. Latency is how long it takes from the instance the coil is top dead center over the target, to when you hear the beep in your ears. This is dependent on a lot of factors: TX frequency, analog filters, digital filters, processor clock rate, processor loop speed, audio code & circuitry, and possible wireless link. For a stand-alone target, it doesn't matter so much on what the target is, or how deep it is.
Eddie, you're asking about recovery speed. This means, how close can I place 2 targets and get 2 distinct responses? This is dependent on what the targets are, how deep they are, and highly dependent on sweep speed. In addition to some of the factors that also affect latency. A comprehensive test would be long and impractical, so I've adopted a quick-n-easy test. I place a quarter between two 16d nails and sweep the coil exactly 3" over them, at exactly 3 ft per second; detector in disc mode, disc set to absolute min, iron grunt turned on if it has one. I start out with the nails far enough from the quarter to get 3 distinct beeps, then move the nails closer until I can no longer distinguish all 3 beeps. That is my number for "target separation," and even though it's not comprehensive, it's an apple-to-apple way of comparing machines.
In terms of detector design, what affects recovery speed the most are the analog and digital filters. These are the things that allow us to separate targets from ground mineralization. There is usually a trade-off between speed & depth, and in the past everyone wanted more depth. But now folks want better recovery. In my test, an average machine has about 4" of separation. At 3fps, this translates to 111 milliseconds. If you want 1" of separation (doable), that's 28ms. So you weren't so far off as your critics imagined.
Keep in mind that raw latency has little to do with recovery speed. A detector with a fast zip-zip response can have lousy separation, and a detector with slow mushy audio can have quite good separation. I know, I tested a whole bunch of them. Sometimes with utter surprise.