Sorry, incorrect.
This is according to Dave Johnson, one of the head engineers at First Texas and known as woof on the forums.
The only time the ground balance is in effect is either in all metal or when using the pinpoint button which puts it into all metal also.
No way shape or form does GB carry over into disc at any time....that is always going to be a preset level from the factory just like hunting with the F2.
This misinformation has been floating around for a long time, if you call the factory some of the techs will tell you it does transfer over, others will tell you it won't or they used to, anyway.
Hopefully by now they have retrained everyone that talks to the public with more accurate product information.
Here is a post where both Dave J. AND Mike Scott both categorically state the truth.
http://www.treasurenet.com/forums/fisher-research-labs/279376-ground-balance-f4.html
This is why I have always said unless you plan on doing a lot of hunting in all metal the F2 or the F5 are both better choices depending on what level of adjustability and settings you prefer to have handy.
I know several that have gotten an F4 in super hard to pass up deals, but paying $400 for this thing brand new makes no sense to me when there are better values on the market.
The F5 from the right motivated dealer I bet can come close to the F4 price.
Even at $100 more considering what you get on the F5 over the F4 is well worth it in my mind.