The last one I wore out was a Garrett Master Hunter...lasted from the late-80s till about three years ago; was rebuilt at the factory once around 2001. I bought a midgrade ((~$400) Bounty Hunter to replace it. The BH is lighter, simpler to use, has fewer batteries & dials.
I used the BH to go over some places I'd already worked with the Garrett, and picked up a few more coins from the same grounds. It identifies silver coins more readily than the Garrett. It's easier to pinpoint with. It discriminates better. Depth is about the same, with the same size coils as before.
Point: the technology seems to be better, capabilities maybe a little better...you get what you pay for.