So, based on the above the "threshold" is or can be "An Audible Hum Active At All Times" of course in the Auto Tune search mode.
From the above, the Threshold isn't just for a ground balancing noise and then switching back to discrimination mode, yes! you can do that, but its more than that. The F4 has a "Motion All Metal Search Mode" called "Auto Tune"
You could search all metal in the Pin-point mode but they're some problems that go along with that, pin-point mode will drift and so every couple of minutes you have to release the pin-point button and press and hold it again, plus its a no motion mode. (the only all metal option you have on the F2)
So, the F4 has a Auto tune "Motion" mode that can be selected and it doesn't drift and "Auto Tunes" Also, when adjusting the "Threshold" you don't have to switch to All Metal mode to run it with a audible hum, if your adjusting it, your already in the "All Metal Auto Tune Mode"
And here is something else I found interesting in the F4 manual about the "Auto Tune Mode" it seems possible?? that the manual ground balance feature is necessary for the "Auto Tune Mode" to work properly, or at lest some form of ground balancing, See below,
Mark