Hello JWong,
Since you have varicaps populated we simply need to change the setting between reader and CE mode operation.
Therefore I propose to do the measurement as described in chapter 7.3 of AN5276 (Rev 5) while the device is in card mode.
Item 7 - Place a 2 Ω resistor between the RFO pin to simulate the chip resistance during operation should be skipped! no resistance should be placed between RFO1 and 2.
Then you should change the AAT settings to all 4 extreme:
26h = 27h= 0x00
26h = 27h= 0xFF
26h = 0xFF, 27h= 0x00
26h = 0x00, 27h= 0xFF
You should choose the setting where you have the highest difference to 13.56MHz.
On our discovery board we have ~1.5MHz delta to 13.56MHz.
Being different from 13.56MHz is beneficial for the wave shapes. Having distorted wave shapes can either make decoding errors on the initiator side or on the CE device side.
Since the ST25R3916(B) does not require to be powered from the field, there is no need to go closer to 13.56MHz. You should also make sure, that pt_res and ptm_res have a proper difference.
e.g. pt_res set to 0xFF, ptm_res set to 0x00. It should give the highest LMA.
Please also let me know, if you are targeting any compliance to a standard (e.g. NFC-Forum or ISO).
From your previous post i assume you are having some read range trouble. Can you maybe share some more details about the problems you are facing and what you want to achieve?
BR Travis