I recently discovered some great headphones for not much money. First, let me say that I have never used any of the high-end detector phones. Never could justify $100 plus for them, but they must be worth it, since so many folks use them. When searching for phones, I look at the sensitivity numbers in the specs. Higher is better. That is, for a given output from a detector, higher sensitivity means more volume, everything else being equal. But more importantly, it also means that the phones will let you hear those faint signals from deep low conductors. With less sensitive phones, a faint signal may not be enough to 'drive' the transducers (speakers) to produce sound. For me, Sensitivity is much more important than the other numbers such as Frequency Response (doesn't matter for our application) and the often discussed -Impedance- given in Ohms, like 100 Ohms, 300 Ohms, etc. High impedance certainly helps battery life, but high impedance phones with a low sensitivity number may not let you hear those faint signals. The only real problem with very sensitive phones is the very loud signals from large or near surface targets, so many of the high-end phones incorporate a 'clipper' or 'limiter' circuit to protect your ears from the too loud signals. "Nugget Busters" is one model of phones that don't incorporate a 'clipper', since they are meant to be used in areas clear of junk while searching for gold nuggets. (A clipper circuit is very simple to make and add to phones if needed.) And while you can just turn the volume down on some phones, that defeats the whole purpose of high sensitivity, because the first signals to disappear at lowered volume are the faintest ones.
I have an F5 and have tried a number of phones from my old and odd collection. Most of them are older and cheap, and some are nicer that I use with my amateur radio gear. I like full ear muff style phones in cold weather, but go for light weight open styles in warm weather. Recently I picked up a set of Koss KTX Pro1 phones for my wife to use, but she never got them. They are 60 Ohm phones with a sensitivity of 103 dB. (103 is good! Few of the sellers of metal detector headphones publish sensitivity data, but seeing the transducers that are in my old Vanco phones, they are probably somewhere around the 80 dB number.) I can hear signals with the KTX Pro1 phones that are just not there in the Vancos or another set of Koss 60 Ohm stereo phones from 20 years ago. If the detecting site is junky, I have to turn the volume down, as the Pro1's can be very loud at full volume. But if the site is fairly clear, they are great for hearing the faint whispers with the volume on full. The Pro1's are not as rugged as the more expensive detector phones. You can't pull tree stumps with the cord. They do have a lifetime warranty so if the cord does give out, sending them back to Koss with $6.50 should get them fixed or replaced.
The Pro1's retail for $20 but I found them for a bit less with shipping included on a famous auction site. I bought a second set to take apart and put these transducers in the Vanco housings for cold weather use. I'll be adding clippers to both sets. Best $18 I've spent on detecting equipment.
I didn't intend for this post to get so long, but I hope some of the info is helpful.
HH