Hi vetmonitor,
I have used an MXT with an 8" DD coil for about a year. I am in Southern California and hunt local school grounds and parks. And, I do not claim to be an expert.
This is the way I set up for a hunt. First I find an area that has no targets. I hunt in the C/J mode, and set discrimination to just reject surface nails .... yes I carry 2 nails in my vest. I then pump the coil up and down a few times till the detector settles down. And, I turn the Sensitivity up as high as I can and still have the detector operate smoothly.
While hunting, if the MXT starts behaving erratically, I first pump the coil up and down to see if re-setting the ground balance will cause it to operate smoothly. If not, I start turning down the sensitivity until it smoothes out.
You mentioned pennies being eaten up by the soil in your area. That also happens here to "zinc pennies". All pennies made since mid-year 1982 are minted from copper coated zinc slugs. In the ground, these zinc pennies have very little resistance to corrosion. Older pennies, made before mid-year 1982, were made of solid bronze and resist corrosion far better than the zinc pennies.
Sounds like you are doing well since you are finding "lots of clad penneys and dines and quarters". However, you did not mention nickels .... they read 18 in my area. You may have your discrimination set too high to hear them. The range that nickels are in is also the pull tab range, but it is also the small gold ring range. To get a better understanding of the readings on your MXT, I strongly suggest you get a copy of "Taking A Closer Look At Metal Detector Discrimination" by Robert C. Brockett.
Good Luck
Hunt4Fun