Why would 20 degree be useless in deep water, I smelt fish 100+ feet just fine.
If there's a red band school of fish...it's solid red for several feet, maybe 20+ feet school throughout the column.
...for smelt fishing, I think the higher power unit with better target separation will have better refined display.
I've used my old LX5 for years. I've got the M1 now too, cuz at times, I'd rather have more time with unit. Lower power draw = more time.