I had the upgrade done last week. My CZ20 was acting up, so I sent it in and because it was under the lifetime warranty, they did the conversion for $25, post-paid.
Fisher has always treated me great. They pressure tested the housing, kept it longer to make sure it worked properly, installed the new pinpoint button, new gasket, new knobs...everything works like when new, the pinpoint is now capacitive touch and it's no longer a momentary switch, it's latching. I like that, it allows me to leave it in pinpoint mode which I sometimes like to do, it has it's advantages under certain conditions. And it still has the lifetime warranty.
As for internals, there aren't that many electrolytic capacitors in a metal detector (the main type that "dry out"), and in a CZ20 they're in an airtight environment.
Technicians differ in opinions about this, but I've rarely come across dried out caps, even in 30 yr old equipment, and when I did it was big ones, like over 1000 mfd.
I've also never seen transistors that degrade, in my experience they work or they don't. Admittedly, I've seen a few over 40 yrs of tinkering that leak or behave like walking-wounded, but they've been rare. And in metal detectors, the conditions aren't conducive to failure, because it's the perfect environment for a circuit...never a surge, never a brownout, pure, clean DC supply, low voltage. Like a dog in a $200K doghouse. Unless it's subjected to high heat or wet environments, like being kept in a car trunk or dropped in the water. But that isn't warranty covered. In any case I suspect transistors are rare in metal detectors, probably all chips.
In fact, I strongly suspect detectors from most manufacturers, including the Turkish, Bulgarian and Australian ones, use the same chipset, probably bought from Texas instruments or Motorola, with virtually all the functions on the chip, if they want more features they just use more pins...you want multi-tone just hook up pin 43, you want a backlight use pin 32, freq shift..pin 38.
The manufacturer just would design their own battery circuit, 78 series regulator or zener, a reverse polarity protect diode, the LCD display and the housing.
The chipset would bear the imprint of the buyer brand, but it would be a TI something. My guess.