the Hydra contains metal oxide varistors, which were promoted by Russ Andrews in a couple of his products in the early 80‘s. At the time quite a few enthusiasts obtained these components individually and inserted them in mains plugs to ascertain whether they improved the sound as Russ claimed. While the sound did change in a manner that some may call an improvement, there was an almost universal view that their inclusion lead to a constriction of dynamics. My own experimentation lead me to concur with these conclusions. The effect is most marked in amplifiers with high current demands.
It must also be borne in mind that varistors do wear out, and cease to be effective after providing a certain amount of overload protection. Their performance in failure mode can be unpredictable.
They are very cheap to buy and you can easily observe their effect by inserting one across the live and neutral terminals inside a suitable mains plug.