You are correct. If you run it over 4 it will false regularly. Set it at 4 and never change it again and don't worry about it. At sensitivity 4 you are getting 95% of the attainable depth and there is nothing to be gained by trying to run it higher other than instability. This is from Tom Dankowski himself and also my direct personal experience. Many others have made the same realization. It's certainly not a problem, because I have dug coins in excess of the depth meter at sens 4 and bullets out in the woods even deeper than that.
Now if you want to run in Autotune mode, you sure CAN run the sensitivity higher. But then that takes away all of your ID capability. But one instance where you may want to do that is at the beach, for example. Where you want to dig everything and you want to be tipped off to ANYTHING under the coil, such as a fine chain perhaps that may not trip the machine in ID mode, or a stainless watch maybe. I tried that a few times with some success, but still prefer ID mode, sens 4, no disc, for the beach. And my CZ-70 has gotten some deep gold rings like that.
So don't worry a bit about it...you won't miss anything at sens 4. Really, you WOULD be able to run sens at 5 with full stability and get that other 5% if it HAD a setting of 5, like the CZ-5 does. But the CZ-70 went with the 2-4-6-8-10 scale, so 6 is a tad too hot.
If you want to get the max performance you can from it, proper ground balancing is most important. I will append my often-requested version of how to properly ground balance the machine using "The Bobbing Method" in case you or anybody else reading this needs it:
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(I cut this from a Word document I made up. It's a lot of reading, but only to make sure it's fully explained. It takes seconds to do once you have it in your head)
A lot of folks in here frequently ask the question