Think about the threshold setting for a moment. If you set the threshold below audible hearing, small signals that barely influence the threshold settings are not heard. The further negative you set the threshold, the larger the signal that can be silenced. On the positive side, you can also raise the threshold setting to a point that the smaller signals are saturated by the threshold tone. The loud tone actually hides the smaller signals. The louder the tone, the louder the signal that can hide within it.
Frequency shifting is acting just like that threshold control. One of those channels is like the perfect threshold setting. Too low a freq to noise setting and the small signals are gone. You don't even hear them. You don't hear the interference and you don't hear the small signals. To high a freq to noise setting and the noise itself is hiding the signals. You hear lots of noise and you can't tell the difference between the interference and the good signals.
Part of our job as operator at the initial setup is to determine what the proper freq to noise setting is for the site. Too often we just want the noisy interference to go away. We don't actually look for the optimum, correct setting for the site. In RelicDigger's example, he accidentally stumbled onto the optimum freq setting for his site. What we want to do is take the accidental part out and make it intentional.
I think the easiest way to set the freq to noise setting is in the all metal mode by using the threshold setting. Set the threshold to that barely audible range and then set the sensitivity setting to where you just start to hear it breakup. Then shift frequency, searching for the one that allows a stable threshold. You should be able to tell a difference. If you can't, then either raise or lower the threshold setting to where you can tell a difference when you shift. You may even have to lower the sensitivity setting a little more. You may not hear a difference between every setting but you will be able to tell the difference between some. Unless you are real lucky and in a dead zone somewhere you can find the settings that give you the most sensitive machine.
The hard part to this is that this optimum freq to noise setting changes as conditions change. Introduce another metal detector 150 feet away and chances are everything is ok. Move that other detector within 50 feet and things change. Neighbor turns on his CB base station to chat with a friend in Nome AK, Somebody standing behind you starts chatting on his cellphone, The outdoor lights come on, etc.... Your clue to the change is either the small signals have stopped or now increased to where you can't tell good from bad. With some experience you should be able to find the right freq to noise setting and establish a baseline signal response to listen for to alert you to changes.

Of course you can work up to this and not every site warrants this much attention but its good practice for the sites where you do want top performance
HH
Mike