The biggest advantage is that with a normal CL3 a deep target like a dime can give off very short chirps in discrimination mode. Most of us take this for "clicking on nails" and pass by. With the Modification you can tell the difference between a goop deep target, and iron that pushes through the discrimination. With a deep dime as an example you are going to hear the all metal mode response but while passing over the target the beep of disc mode is seated right in the center of what is the all metal response. If it is Iron or other junk the disc is broken up, or it is not diectally over all metal response. Follow what I mean? Good targets really do sound good and bad targets sound well, bad. I will post mre when I get some more hunting under my belt with this. This circuit is definitally worth a try, I thing i got the parts for under $10 from Digikey and the Shack.
Basically three wires go to your regulator, one goes to a diode and the other goes to grey wire on phones. fits right inside near the speaker.