Hi Will,
My testing was done with a pseudo Goldquest, meaning it is a modified unit similar to the Goldquest, but not quite. Mine has a home made coil, and isn't the quality of Eric's. Also, the Goldquest has a shorter delay so it should be a little more sensitive to smaller gold than mine. I do have a couple of small changes on mine that are not on the Goldquest. So, there are some basic differences, but not too much.
I can detect a nugget down to the 3 to 5 grain range. I haven't tried a grain or a 2 grain nugget so I cannot comment. Personally, if I were to be going after that size, I would use a VLF anyway.
Now, the Goldquest does not have ground cancelling, so some "bad" ground conditions can be a problem. The autotune helps significantly in this respect but it doesn't cancel the ground problems, just reduce them significantly.
In Gold Basin, I really didn't have any real ground problems as long as I search slowly, which is the way you are supposed to search anyway.
My testing indicated that the Goldquest holds its own against most PI's. Under controlled conditions, I found this little PI was quite competitive. No, it doesn't match the more expensive PIs under certain conditions, but was close.
In some places, the Goldquest might work better unless the Minelab was equipped with a special coil, since my experience so far has been the Goldquest is less sensitive to external noises, so there can be less chatter to mask a nugget.
As a PI, it is basically quiet over magnetite hotrocks, and different concentrations of black sand. There were a few places that would give me some response when I would hit pockets and then totally different soil. Those occurred when the coil was very close to the ground.
Red "hot" clay environments were a little harder, and I would have to raise the coil a little to minimize the problem.
If you are accustomed to ground cancelling on a PI, you will probably be disappointed, at least in some search areas. In others, you will be pleased. I found places on top of Rich Hill AZ where the machine was extremely quiet and ground cancelling wasn't necesary. Yet a couple of hundred yards away, I had to raise the coil a little and be more careful about coil heighth because the red hot ground.
This detector isn't an SD killer. It doesn't cost nearly as much so it isn't a pocket book killer either. For me, it is poor man's nugget hunting PI that is quite capable of finding gold.