I am a bit confused when not using a printed map and just the Garmin map while out hiking which map datum is the Garmin map based on?
I see in the manual about waypoint averaging for more accuracy but it doesn't go into any details on how.
When working a gps by itself, it will give you an accurate position, within the instrument's capabilities and satellite reception/geometry etc. It is when working with others and/or paper maps that you need all to be on the same page, meaning datum.
Actually, the differences between WGS84 and NAD27 are not that huge, depending on where you are, but it certainly can complicate things.
If calling for rescue, better use WGS84 (or NAD83, which is virtually the same).
Now position notation is even more critical as the errors introduced by incorrect use of lat/long notations can have a dramatic effect on position.
Decimal degrees, degrees and decimal minutes, degrees-minutes-seconds, are all quite different. You need to make sure all parties use the same notation.
Take your gps on small scale hikes, in a well known area. Let it do the navigation for you. Learn its strengths and weaknesses and remember, it is only good if you pack enough batteries. Use map and compass as backup.