Although it could very well give the impression of less depth based on whats causing the null, as thats whats causing you to lose targets in the null, the detector still sees just as deep but is over powered by rejected targets..
You gotta remember that you are just aware of the threshold machines null... a silent search machine also nulls out rejected targets.. you just donut hear it.. If you think about it a silent search machine at half disc wont go off on targets below that disc setting, it still sees them but they don't sound off... that is nulling out the target, simple as that you just aren't aware of it, and unless the machine has a very fast recovery rate or is being swept very slowly it may also miss targets near those disced out targets
All machines will have trouble finding things in heavy iron, or ground that is saturated with iron oxides.. Iron rusts away and even though there may not be any smaller pieces remaining, the oxides have leached into the soil and will still be rejected. Running -16 on the explorer or all metal on silent search machines will help you pick up on non ferrous targets in that null, but can drive you nuts in areas with lots of iron, and you still need to go slow to be able to hear those subtle tone changes.
Personally I like threshold. I want to hear when I get into ferrous targets, first off it tells me something was going on there, and second because it tells me to slow down. And at least with the explorers audio you can hear subtle tone differences in that iron, unlike a single tone machine where an iron crackle cant as easily be differentiated from a good target crackle it might give in that iron
Nails scattered around are really not a problem, even if you have a one or two under the coil at the same time.. but if you run into a spot thats just totally covered with nails and other iron leftovers and rust you aren't gonna see through it all, you might pick off a few things above it, but I have seen many areas that you can put a coin on top of the ground and not get a peep out of the detector.
Again its not the null itself, its simply the amount of iron in the ground. When there's that much iron even -16 isn't going to let you hear that target as the iron will be sounding off so much you may as well just get on your knees and start digging up everywhere, cause everythings gonna be blended together, and you will get the same type signals every where.
I have hunted many sites where there was so much iron, that after hunting an area close to a foundation very hard, I would dig up a small area in the most likely spots to have more stuff taking off a few inches of the top soil, and find more good targets.. But again its wasn't the null it was what was causing the null, and again all machines null out rejected targets even if they don't "null"
I hunt at -15 iron mask and fast recovery at almost all sites, first of all if there's iron I don't want to be any higher than that, and second of all if there's no iron it doesn't matter, as I wont be hearing it no matter where its set.. if there's lots of non ferrous trash I go slower, if there's lots of iron I go slower, simple as that. I prefer to know I am in it, and thats why I like threshold, because even if targets rejected I still know by a null I am in an area with something in the ground..
By the way if you get into high iron don't be afraid to lower the sensitivity, even as far down as 10 or less, it will allow you to pick off a few of the things above iron easier and also try and use a smaller coil than the stock.. The stock will do well, but if you have them, hunt it a few times afterwards with a smaller and smaller coil..