Two things --
Some desirable targets are simply "masked" by iron, and thus un-detectable. So, the simple fact is that you will not hear a substantial number of the "good" targets in the ground at an iron-filled site. Whether they are detectable or not depends upon the exact orientation of the iron relative to the good target. If the iron is rendering a particular target un-detectable, then obviously your machine will not see that target. In other words, your "null" will not be "broken," in that case, and you will miss that target. However, you are not missing targets DUE to the nulling; the null is just a consequence of the presence of the iron. This "missing of targets" is just the way it is with iron present -- you always have the potential for iron to "mask" a good target. Going SLOW, as others have mentioned, and switching to a smaller coil, are the best things you can do to combat an iron-laden site. You WILL still miss targets though...many of them. NASA Tom Dankowski estimates that 90% (I think that's the right percent) of targets are missed due to masking. If you are in a null, and you hear a good target "squeak through," then by definition that good target was not totally masked, but only partially masked. A fully-masked target is, by definition, un-detectable. So again -- yes, you DO miss good targets while your machine is in a null, but other, non-threshold-based machines ALSO miss masked targets. The null is not the CAUSE of the missed target, the null is simply telling you that iron is under your coil (and, likewise, that the POTENTIAL for that iron to "mask" targets is also occurring beneath your coil.)
I also see where you said you tried all-metal mode, but the "screech" of the iron targets was too much for you. If you ever want to try that again, you may want to try switching to "ferrous" sounds, instead of the default "conductive" sounds. When in all metal, and running ferrous sounds, the iron -- instead of being a high screech (due to the high conductive number) -- will instead be a low grunt. In ferrous sounds, the higher the FE number, the lower the tone, and the lower the FE number, the higher the tone. So, a 31-28 target would be the very lowest tone, while a 00-28 target would be the highest tone.
Just some thoughts.
Steve