Jerry.
I don't have a lot of hours on the Excel yet but here's my impression so far compared to the 1236. These are based on what I remember about the 1236 which was a few years ago but I did put a ton of hours on it pretty much using the dig it all philosophy.
Depth, not definitive yet but the Excel seems to be an inch or so deeper overall in my ground. The good part is that you have the tone ID and higher disc settings do not lose depth. As you know raising the disc on the 1236 above nickel will knock out the deeper dimes and copper penneys. I actually used that to my benefit on ID'ing the deeper targets. If I heard that smooth whisper of a deep target I would slowly raise the disc setting and if it went quiet at just over 6 or so I would dig and it was always a wheatie or dime or something similar. With the ID Excel you do not have to go thru that because it ID's very well to nearly its maximum depth in most conditions!
Sweep speed, Here's where the Excel ahem, Excels. You can sweep it nearly as fast as the older White's (but more like the newer 6000 XL Pro) and get maximum depth and VERY good target seperation in trashy areas. Signal processing is done in the digital domain just like on the Coinstrike and it is lightning fast so you don't have to worry about missing many co-located targets that other machines blank out on using a faster sweep. Of course in trashy areas a slow sweep gives the best seperation of targets where max depth isn't important.
Deep iron. The Excel handles it well, but be forewarned a deep coin near trash or iron give a similar repsonse. When you get a faint high tone that the ID bounces you have to base your dig no dig decision of that repeatability of the signal. The less bouncing you see when centered exactly over the target the better. Deep rotting tin/iron will bounce all over no matter what but a good target will be somewhat steady in ID and tone and of course pinpoint better.
My opinion so far is that the Excel is an excellent tool that is very versatile and is definitely a step up over the 1236 in overall performance with tone ID to boot.
HH Tom