Cos --
I think this opens up a huge "can of worms," that is not as easily answered as what you want it to be. But, I'll "go there," though with the caveat that it will be long-winded.
Now, I'm not electronics engineer; but having said that, I'm not totally sure I agree with the statement you quoted from White's. There are a lot of reasons why, a lot of assumptions made, etc. BUT -- let's forget that for now, and just assume it is an accurate, correct statement.
As such, what we would then need to know is, is the Equinox "simultaneous," or "sequential." If it is "simultaneous," and IF (again, for the sake of argument) we assume Whites' statement is true, then the Equinox would be running reduced transmit power when in Multi-IQ, vs. when running in single freq. mode. BUT -- on the other hand, if it's "sequential" multifrequency, then it may be using FULL transmit power for each frequency, and simply "combining the results" of the received signals AFTERWARD, in the SOFTWARE. So, no "depth loss" expected, in single, vs. multi, right?
Now, I know what the next statement will be -- "but Minelab already told us the Equinox is simultaneous multi...so thus it MUST be "weaker" when in Multi, than when in single-freq."
Well, not necessarily. We have to be very careful at this point, in my opinion, to define our terms VERY carefully, in order to continue the discussion. What I'm saying is this -- I don't think ANY of us know exactly how Multi-IQ works, or, for that matter, much of ANYTHING that is actually going on "under the hood" of the Equinox. But, what we do know are these three things:
1.) SOME machines are capable of transmitting only one, single, fixed frequency.
2.) Some machines are capable of transmitting MORE THAN ONE single frequency, but it requires either a user-inputted "switch" of some sort, or a coil change, or something.
3.) SOME machines are capable of transmitting MORE THAN ONE single frequency "at the same time."
Right? So, what do we generically call these three different types of machines? Well, clearly, category one has been referred to as a "single frequency" detector. But what about category 2 and 3? Both could be called "multi-frequency," in one way...but there needs to be a way to differentiate between, say, a Deus, which can only run one frequency AT A TIME, until the user changes something (a setting, a coil, whatever), and a CTX 3030, which runs more than one frequency "automatically" or "at the same time." And so, the detecting community has used words like "selectable multi-frequency" to describe the Deus, and "simultaneous multi-frequency" to describe the CTX. BUT, these are sort of "generic" words, words that may or may not be entirely true from a SCIENTIFIC definition perspective. What do I mean by that?
Well, let's say the Equinox in Multi-IQ mode is transmitting 5 frequencies (who knows if it is, but let's assume). Now, if the unit transmits 5 kHz, and then receives, and then transmits 10 kHz, and then receives, and then transmits 15kHz, and then receives, etc., and it does this a thousand times a second, that would "technically" be considered "sequential," right? But, for all intents and purposes, from the "categorizing of metal detectors" perspective, it's REALLY "simultaneous," right? It's happening many hundreds of times per second, with no "input" required from the user. I think we'd probably all agree that while what I described would most accurately be called a "sequential transmission of multiple frequencies, very rapidly," it could basically be generically referred to as "simultaneous multi-frequency" -- because either way, it is a QUITE different type of machine than a "selectable" unit, like the Deus.
SO -- Minelab says the Equinox's Multi-IQ is "simultaneous multi-frequency," just as it says FBS and BBS are "simultaneous multi-frequency." But do they mean that as a way to "clearly categorize" the machines into an appropriate "class of machines" (single, vs. selectable multi, vs. simultaneous multi), OR are they referring to the actual, technical, scientific process being used "under the hood," from control box to transmit coil to receive coil and back to the control box? WHO KNOWS, but we'd NEED to know that, to answer your question.
See what I mean about "can of worms?" This gets pretty convoluted, pretty quickly.
BOTTOM LINE...I would not be surprised at all if there are going to be certain soils, or certain targets, or certain scenarios, where you might get "more" depth from single-freq. operation with the Equinox, versus in Multi-IQ mode. BUT, I would be VERY surprised if Multi-IQ is "noticeably crippled," depth-wise, given all that I've seen, heard, read, etc., as compared to single-freq. mode.
One last point...what is meant by "depth," anyway? If I can run machine "A" in disc. mode, and can "hit" a 12" quarter, but the "hit" gives the exact same ID 12" deep nail, then is it really a "12 inch" machine? Some would say yes, but some would say "no." If machine "A" can only ID the quarter as non-ferrous to 6" deep, then many would say it's really only a 6" machine FOR THEIR PARTICULAR PURPOSES/HUNTING OBJECTIVES. If machine "B" can hit that same quarter to only 11", but gives solid, accurate "quarter" tone and "quarter" ID at that 11" mark, many would say machine "B" is "deeper" than machine "A," of course.
And this isn't just a useless argument. The Equinox's Multi-IQ has been advertised as having it's main technological improvement to be ACCURATE ID AT GREATER DEPTH, as compared to single-frequency. So, EVEN IF the Equinox's single-frequency mode might hit a quarter to 12" deep (but mis-ID's it as iron), while Multi-IQ mode only hits it to 11", BUT WITH PROPER ID -- then, which mode is "deeper?"
Steve