DD stands for Double-D, and is also commonly referred to as a "Wide-Scan" design. This is compared with the Concentric design of the standard 950 of your XLT.
Due to the shape of the Transmit and Receive windings in the coil, they appear similar to a letter 'D' and a reverse 'D' with the slightly not-so-straight sides overlapping. This design creates a responsive area that is narrow, front-to-rear, and thus the name "Wide-Scan" because is scans a wider swath on the side-to-side sweep.
The Concentric design doesn't really transmit a 'V' shaped signal. The reference to a 'V' is really a reference to the more reactive portion of the electromagnetic field on a side view. With the D-D design, a side view would suggest more of a bowl shape. With both coils, the deepest detection signal response will be in line with the center of axis of the search coil.
Now, for the XLT and other models, to include the V3. The XLT is, in my opinion, is a very good detector once you settle on 1 or 2 or 3 custom programs that fit the types of hunting you plan to do. I am not a fan of radically goofy settings. With my three preferred XLT custom programs I simply select the one I feel best suited to a site. One that uses the 6