Since the Excalibur specifications list the headphone impedance at 8 ohms (piezo transducers) then based on the very informative article, saying that impedance matching gives the greatest volume is in reference to dynamic speakers.
Are the Sovereign and Excalibur the same devices, just in different packaging? I would guess, almost.
Comparing the two for the headphone specs, Sovereign manual states:
32 to 100 ohm max!
Excalibur manual states:
8 ohms, with no provision for any change in the headphone impedance for obvious reasons.
Quoting from the fine article by Mr. Gohlson
Steve Gholson said:
In closing, I suspect that you will notice the biggest difference in headphone loudness (because of the difference in impedance and sensitivity) with your threshold set to some nominal value (same threshold position for both headphones) and no target under your coil (i.e., background and ambient noise only). In my opinion, you should choose a set of headphones that are the closest in impedance to the detector output impedance with the highest sensitivity specification as possible.
Of course this article is about dynamic speakers, which have resitive and inductive components in the impedance if I am not mistaken, while the Piezo is largely a capacitive impedance.
So in the case of the Excalibur wouldn't we expect that the amplifier would be different than that of the Sovereign. Or has Minelab just made it work as best they could considering the requirement when diving for Piezo transducers.
This is the reason I asked Mel about what he had tested, to be certain the O-scope is reading the output of the Excalibur (which I assume to be the case).
Here is very interesting pdf file on Piezo tweeters...
Piezo Tweeters.