Even when the ACE is in the selected "All-Metal" mode, it is using circuitry to reduce falsing, and that reduces depth.
The only way to get TRUE All Metal on the ACE is when in pinpoint. You then are in a non-motion all metal mode. When you depress pinpoint, you will hear a subtle threshold tone, and can listen closely for very small increases in that tone. The pitch won't change (like on a DFX or EX), but the level of tone will raise. You can get significant depth increases this way, and detect VERY small items. You will also find that you can run sens at max and not get falsing from hot rocks, soil mineralization, etc. You may get some falsing once pinpoint is released (to try and get a target ID), but usually if you release pinpoint while centered over a target, it won't false much. When hunting "normally" with the ACE, headphones are nice, but don't really do much to help detecting, as you ONLY hear one of three tones....and can easily tell which tone you are hearing, either high ring, high flat, or low ferrous....not much real audio data there that headphones help to distinguish. Headphones are CRITICAL when in pinpoint to hear that threshold increase. Unlike Garrett's better units that have adjustable threshold levels, on the ACE you have to play with coil height from the ground when depressing pinpoint to get the right threshold tone.
I spend most of my time hunting while in pinpoint, releasing only momentarily to get an ID attempt.
BTW, there's a guy who will mod you ACE to bypass the board-mounted pinpoint button, and mount a DFX pinpoint trigger under the unit. While pulled back, it pinpoints as normal. When pushed forward, it locks in on pinpoint mode (excellent for the way I hunt with the ACE)...the lock on will also be great for when you are digging a deep plug, you can lock pinpint on, and pass soil past the coil as you dig (with headphones on) , listening for the target.
For those of you using a Sunray probe, imagine having pinpoint locked on while using your probe....rather than hearing the "ding-ding" as you point your probe in different directions in the hole, you will actually hear the threshold tone increase as you point more and more directly at the target....!!!