Yeah, thats a back door way to emulate 3 tone ferrous by nulling the bottom 4th quadrant in the 4 tone ferrous setting.
It has its place but when i'm after deep targets in nail (and other) junk infested areas, i use an open screen. I want all available info on whats in the ground including their depths.... call it maximum situational awareness.
Depending on the site, whether its known for deep or shallow targets, its iron junk density, its aluminum junk density and the phase of the moon, i'll use either 2, 4, multi and yep sometimes the pseudo 3 tone ferrous discrim pattern. And then there are times i'll use the old war horse, multi conductive with a discrim pattern.
If i had to pick only one CTX feature for the mythical fururistic eTRAC-II, it would be the option to assign custom tones to custom areas of the pattern.