@classdstreamer There’s a couple of reasons for that. One is that UPS output often has a lot of harmonics which can trigger a surge protector, and most surge protectors use parallel protection which could short the UPS output. The other is the generalized fear of users putting low current extension cords downstream. The nightmare scenario which fire departments often have is a chain of unfused strips overloading. None of these issues apply to me.
You can get Furmans with both AR (automatic regulation) and surge protection (LiFT + SMP) , such as the P-1800 AR but in my case the voltage regulator ( https://amzn.to/3E5JesI ) is before the Furman Elite 15i. This wasn’t a great plan, but now I can keep my HT equipment on a different surge protector than my DAC/amplifier, and everything is voltage regulated.
Keep en eye out for open box deals, and know that Furman has made like 3 dozen models... so there’s a lot of other conditioners thave have these features (AR + Lift and SMP).
The reason I ended up with such a setup had to do with living in San Francisco and getting 130 VAC or higher regularly. The AVR has kept the voltage between 118 and 123 no matter what is playing or where I was.
Unfortunately my HT system shares an outlet with the porch and when the workers would start their circular saws the regulator kept engaging to keep the voltage at my equipment solid.