Around 12-0-12. I tried several other settings and the air test. Nada.
So, if I'm reading this right, you had:
Gain: set at 12 o'clock? which is the recommended setting, but of course, needs to be adjusted to specific conditions.
Pulse Timing/Delay: set at 0 or minimum?
Threshold: set at 12 o'clock? recommended setting is around 11 o'clock but more on this in a moment.
Disclaimer: I am not an expert with the Dual Field. I recently acquired a Dual Field that was previously owned and modded by OBN. This is my first PI, and I've had it out on 4 beach hunts so far. That said, my observations/opinions are not just based on the short time that I've used my DF but are also based on all the other detectors I've owned and used over the last 56 years.
I run my DF's gain starting at 12 o'clock as well, but if I can get away with inching it up higher, I'll try to get the highest gain I can without falsing or getting ghost signals. But since 12 o'clock is the recommended setting, you should have been OK as far as gain setting for the most part.
Like you, I also run my Pulse Timing/Delay at the minimum setting just after clicking it on, which I think is around 15u-18u, to minimize loss of any potential targets. I've heard some DF hunters use the Pulse Timing/Delay as a kind of discrimination. When they get a signal, they'll start turning the Timing/Delay knob up, if they lose the tone after just starting to turn the knob, it might be a higher conductivity target or possibly junk, but if they continue getting a signal after turning the knob way up, could be gold. I tried it a few times but not seriously enough to give an opinion. But I also keep mine at the lowest possible setting, just to be on the safe side and minimize potential target loss.
As far as Threshold, this is where I have a differing opinion, and where I "think" the issue may possibly be. IMHO, Threshold isn't something where there should be a recommended setting, because it can vary for each person. I have Threshold on my Sovereign Elite and adjustment can vary a wee bit based on various factors. The DF has a mark at 11 o'clock, which would be their recommended setting for Threshold. Since starting as a kid, I was always trained to keep Threshold as low as possible, just high enough to be able to hear a barely audible tone. Setting the Threshold to be barely audible is supposed to provide the highest level of sensitivity, and I've even seen some people refer to the DF's Threshold knob as a sensitivity adjustment.
But the thing is, I don't think that Threshold is a one size fits all type adjustment. It requires adjustment based on several factors, which can be different for every hunter:
* The primary factor would be a person's hearing ability. I might be able to adjust the Threshold to where I just barely hear it, but another guy might not be able to hear anything and would have to adjust Threshold up a bit for his ears to hear, or vice-versa.
* Another factor would be headphones. Cheap headphones might require adjusting Threshold higher. I have a cheap set of Garrett headphones for my Sovereign, so I'm sure I'm not getting the most sensitivity out of the threshold that I could get with better phones. But for my DF, I use a set of Tony Eisenhower Blue Divers headphones with larger cups for better noise attenuation, along with his impedance matching circuitry that provides louder volume. Better & more quiet headphones that produces a louder volume would allow the user to adjust the Threshold tone lower to get a barely audible tone.
* Environmental noise in the area. A person might have to adjust Threshold up a bit higher if using cheap headphones or hunting on wet sand with the sound of crashing waves or kids screaming in the background, also wind noise may come into play, so might need to turn Threshold up to still be able to hear a slightly audible tone.
Just for grins, I pulled out my DF, popped on my Tony Eisenhower headphones, and adjusted Threshold to where I got a barely audible tone, just a hair above silence, then I checked the setting. I had the knob at 10 o'clock to get that barely audible tone. But of course, that was in the quiet of my basement, so if I was out on the beach, dealing with crashing waves & other outside noise, I'd probably have to increase to 10:30 or so +/-. But when it comes to Threshold, we're dealing with very slight, minute adjustments to get it set to where we can just hear an audible tone. Just a personal rant here but I could never figure why manufacturers use standard potentiometers for Threshold adjustments. I've always wished they would have used either 3 or 5 turn pots, to allow the user to micro adjust the Threshold to really zero in on a barely audible tone for their ears, headphones and environment.
So, if you had Threshold set at 12 o'clock, I can't tell if that's a barely audible tone for your ears/headphones, or if it's a louder, more steady tone. For me, I tried 12 o'clock and the Threshold was very loud, which for me, would definitely affect the sensitivity and my ability to notice very subtle changes in the Threshold, like nulling/audio cutouts or very faint whispers when over very deep targets. If Threshold is connected to sensitivity, which was how I was taught long ago, and how some other guys have described, if you had the Threshold adjusted too high (i.e., too loud & not just barely audible), you may have inadvertently lost some sensitivity, and/or at least the ability to hear very minute & slight subtle changes that typically signify deeper targets or much weaker signals, like you might get from a thin chain.
Lastly, you mentioned air test. Keep in mind that some detectors don't seem to perform well with air tests, they do much better with buried targets. My Sovereign is like that, and I think the DF/PI might be like that as well. Just another thing to keep in mind. Might want to take a thin chain to the beach and try burying in dry & wet sand, see if the DF can pick it up after it's been buried.
I'll have to ask the wife and my daughter if they have a thin, dainty chain so I can try my DF to see if it picks it up. A PI not being able to pick up even a small thin chain with tiny links is a head scratcher IMO. The first time I took my DF out on its inaugural hunt, I got a loud signal, thought I had run my coil over a refrigerator, lol. Took a few scoops but target was so small it kept falling through the holes in my scoop. Had to use my fingers to sift through the sand but I finally found it. It was a teeny, tiny metal eyelet, that wasn't much bigger than a BB. So, if a DF could hit on such a tiny, minute piece of metal, probably at least several inches down in the dry, why wouldn't it be able to hit on tiny metal chain links, definitely a head scratcher IMO.
Can't say for sure if this might have been the issue, these are just my opinions/observations based on what you described, but it's the only thing that comes to mind based on the settings you provided. Of course, if your detector or coil has an internal electronic issue, that's a different story, but from an adjustment standpoint, I think setting your Threshold at 12 o'clock might have been too high and could have been a contributing factor, at least it would be for my ears & the headphones I use. Of course, your mileage may vary depending on your ears/hearing and quality/quietness of the headphones you use.