Good question Harvdog. I do not have the pleasure of dealing with black sand much, so I can't speak on that subject.
I do know this. Running the sensitivity on a CZ at 5-6 is probably the setting where you will get 90% of your depth. In testing and reading several articles about the sensitivity on a CZ, when you start raising past 5 or 6 ( I am talking in discriminate mode only) there is minimal depth increase, but the foot print on the receive end is wider. Therefore, running sensitivity too high is certain places will cause falsing and the possibly 'high beam in the fog' analogy when hunting in mineralized soil. Running a 2-3 still gives you plenty of depth.
Bear in mind, mineralization is not the same as salt water conductivity, but you can have both, especially if the black sand on a salt water beach is minerals.
I would say run your sensitivity in the 2-3 zone. Not sure if you tried hunting in all metal and if so, also tried hunting in all meatl without a threshold. That is, ground balance normal using the bobbing method, sensitivity at max so you have a threshold to work with, and when you get it so there is minimal change in the threshold, back down the sensitivity so you don't hear a threshold. It's like hunting in silent search all metal. You will not hear the minor changes to threshold on the deeper/smaller targets, but it may help in running the machine more smoothly. You will surely hear coin sized and ring sized targets, and pretty deep too.
Hope this helped.
JC