Here's the bottom line in all of this...."Better stability allows for more sensitivity and depth." On my old blue, and most other Excals I have tried, the wet rag trick will also improve the stability in your threshold. I can't explain it, why this works, I only know that it made a noticeable difference in the performance of my machine and I certainly experienced more deeper recoveries over the wet sand.
As for "deep salt water hunting", even with a larger coil, the loss of sensitivity and depth, in my experience anyway, is largely a factor of currents and the stirring of the matrix. In other words, if the bottom is flat and still and there are little to no currents then there isn't much noticeable loss of depth and sensitivity as long as you exercise smooth and flat coil control. On those days when there is current/stirring of the matrix, and/or the bottom isn't flat, you are much better off dropping to the 8"-10" coil and running it as hot as you can.