Yoga,
I have been using a CZ6a ( which is the same as the 5 except is does not have a speaker) since the early 90's. These are slower sweep speed detectors, and you have to sweep very slow when you have the sensitivity raised up to limit the falsing. These are really sensitive and deep machines. Ground balancing can be done 2 ways, either using the pin point button or by bobbing. Either way, it takes between 5-15 seconds, and is very easy.
When using the CZ in discriminate mode, if the area is not too littered with tons of small iron targets, I suggest hunting with the discrimination set to 0. This way, you can hear the low tone of iron, and not be fooled by the low tone/high tone bounces of large or deep iron. If you hunt in the disrim mode where the low tone is muted ( 1 on up ) then you end up only hearing the high tone of the low tone/high tone bounces and think its a coin and end up digging a deep rusty nail.
One secret is using the pin point button to size a target. Lots of times iron will not pin point at the same spot when sizing, and iron almost always sizes wide. When you pin point a coin or small target, the pin point area is very small and pin points at the same spot when sweeping/pin pointing at multiple angles. Pin pointing and detuning the target to get an approximate size is very easy with the CZ.
Not sure if the 5 you are deciding to buy comes with the 5 inch small coil, but if you end up getting the machine ( I say GET IT !), then look to buy a used small coil. It's a killer coil in trash and can sniff out good targets ( deep silver coins) in between trash.
I think the CZs are still one of the best machines out there. Simple and deep. Yes, they have a penchant for deep iron, but once you learn how to distinguish these deep iron targets, you will dig less of them. I remember my first few times using my 6a and not using disrim of 0 and ending up digging lots of deep rusty nails because I was hearing the high tone only. I then figured out what was going on and used the setting of 0 and any low tone in between the high tones along with a wide sized pin pointed target, was always iron. After than, I dug A LOT less iron and rusty things.
Any repeatable, multiple high tone signal without any low tone....dig it. And, any soft, repeatable high tone ( you can use the volume boost to bring the deeper targets to sound louder...I like to hear the softer, deep targets so I leave my volume on 4) is almost always a good target and mostly a silver coin or ring.
One last thing...since the machine has the 3 tones, beach hunting is cool because you can just dig the mid tones if you want to concentrate on the lower conductive targets. That's another great thing about the CZ's...they are really good beach units too.
Good luck if you get one...I am sure you will like it.
JC
JC