Nearly all surge suppressors use MOV's.
MOV's fail silently with no warning. They go bad from repeated micro-surges. It is recommended by many that you replace your surge suppressors every year or 2 depending on where you live.
I lost $14,000.00 worth of AVR, BD player, and projector to a failed surge suppressor. The worst part is that I knew that they can fail silently, and did nothing about it.
Retail wise, my amps are $13K, my preamp $18K, my DAC $6K, and my digital front end ~$5K.
Being older and wiser now, I spent the money of ZeroSurge suppressors. I have 3 of them. 1 dedicated to the projector, 1 for the AVR, BD player, and a big one with isolated outlets for the 2 channel system (about $600.00 for this one alone).
I will never trust my expensive stuff to a MOV suppressor again unless I replace it yearly. You can buy yourself an expensive audiophile one that will fail silently just like any random one off Amazon, or you can get one that will never fail.
Do some research on the tech behind any device you are considering. I was one of those people who said "been using MOV's for years, never had a problem" until I did.
Also, the Zerosurge also works as an extremely good filter. Others have reported good luck with them when used as a filter, and I have not hear any reports of them "sucking the life out of the music" like you hear with most filters. My electricity is pretty clean, I heard only a very slight improvement in quality.
-Josh