Iron Buzz --
I would like to respectfully disagree with some of what Rudy said, as, with all due respect, some of it is not correct information with respect the Equinox specifically.
To clarify...what Rudy said there is correct, if you are running a machine that employs a TRUE threshold. HOWEVER -- the Equinox DOES NOT employ a true threshold, except in the Gold modes (on the 800).
In all of the other modes on the Equinox -- and this is also true on the CTX 3030, E-Trac, Explorers, etc. -- the threshold employed is NOT a "true" threshold. It is considered a "reference" threshold. And there is a very important distinction that should be understood, between a TRUE threshold, and a REFERENCE threshold. I won't describe how a "true" threshold works, as Rudy described it quite well for a machine that employs such a threshold.
HOWEVER, Here's how a "reference" threshold works, on the Equinox (again, the type of "threshold" that is employed when running in Park, Field, and Beach modes, and on the other above-mentioned Minelab machines).
When your machine's coil is sweeping over bare ground, and you have the threshold volume set to an "audible" level, you will of course hear the steady hum of the threshold. This threshold, really, is simply there to allow you to, basically, know that your machine is "running" i.e. not "turned off." That's really the main purpose, and is why it is called a "reference" threshold. It allows you a "reference," at any time, to know that your machine is indeed "turned on" and "running," as long as you are hearing that threshold hum.
IF you have ZERO discrimination applied, on your Equinox, i.e. the horseshoe button pressed thus allowing all targets to be "accepted," then you will hear a constant, continuous threshold hum at all times, UNTIL you pass over any metal target. When you pass over ANY target (since ALL targets are "accepted"), the audio you hear will quickly switch from the background threshold hum, to the appropriate "tone" for that target, and then will quickly revert back to the hum of your "reference threshold" once your coil has passed the target. In other words, the threshold hum is essentially continuous, except for the brief instances when your machine is reporting the audio for a target that is under the coil.
IF, on the other hand, you have some discrimination applied -- i.e. NOT all VDI values are "accepted," then things change a bit. In this case, every time you pass your coil over a DISCRIMINATED target, you will hear the threshold "drop out" briefly -- i.e. it "blanks" or "nulls" or "goes silent" for a moment. This period of "silence" lets you know that your coil has passed over a target that you have chosen to discriminate. The period of "silence" of the threshold hum, corresponds directly and exactly to the period of time that the machine WOULD HAVE BEEN reporting the target's tone, had you not discriminated that target.
THAT IS ALL THAT THE REFERENCE THRESHOLD ON THE EQUINOX (or the other Minelab machines that I mentioned) DOES -- again, the exception being on the 800, when running in Gold mode. And so, from this perspective, OBN's statement that "Setting (your threshold) properly maximizes your ability to get as much depth as you can from your detector" is NOT TRUE, on the Equinox, when running in Park, Field, and Beach modes -- because, again, the threshold is NOT a "true" threshold, but simply a "reference" threshold when running any of these 3 modes on your Equinox.
In GOLD mode, on the Equinox, the threshold is a TRUE threshold. In other words, if functions as according to what Rudy described; it is similar to the "squelch" on CB -- it sets the level that a "signal" that is received by the unit is strong enough to "break through" that level, and report to you. As I said, I won't go into "true" threshold here, since this post is already more than long enough, and Rudy already described it well.
I know that was long-winded, but hopefully I wrote it clearly enough so that it can be understood.
In short, and to repeat, you DO NOT gain a depth advantage on an Equinox in Park, Field, or Beach mode by running your threshold audibly, because the Equinox in those modes is employing only a "reference" threshold, NOT a "true" threshold. You can safely run your Equinox's threshold volume at "zero" (i.e. silent) if you so choose, and NOT risk missing any "weak" targets...
Thanks!
Steve