I'm too new at this to know what I am seeing on the screen, but yes it does show indicator "blocks" for discrimination and depth. But the labels that I think should appear on the screen aren't there: OPERATE MODE and BATT don't show at all. But when I do a bench test, different "block" patterns show for metal type and depth. I just swept a new section of my yard to check my 550 out and found an aluminum drink can about six inches down in hard rocky soil. The tone was like a doorbell, similar to what I get with dimes and quarters in my bench tests. All this makes me believe the unit is working, and the touch-pad buttons appear to work, but the visual screen is not showing everything. Like you said, it's the sound that matters most of the time. All the old-timers I've talked to say it's the ear, not the eyes, that will find treasure. And I believe that . . . if you don't mind a lot of digging.
Which brings me to another question. How accurate are most metal detector screens? I've read hundreds of comments from people that say they dig almost everything because screens cannot be trusted and because good stuff often shows as trash. I'd rather dig trash than miss something really nice, especially when relic hunting. My bottom-line then is to dig until my back gives out (that shows I REALLY am new at this).
I'm using two OLD units as orientation and training tools: I think the GTAx 550 is about 8-10 years old and I also have a Coinmaster 5000/D that is 25+ years old. Both appear to work and have given me some on-the-job education. I now know some of the extras I want on my next detector, although I am still putting together my list. I need to find out which bells and whistles are worth the extra money. I know I want a better unit for wet sand beaches, but I don't want features I really won't use and don't need. Any suggestions?