In looking for other voltage reglating "conditioners" I looked at the Furman P-2400 and the specs say that it regulates voltage to 120V +/- 5V.
5 volts is not real regulation in my opinion. is the voltage regulation realy that bad?
Yes, it IS real voltage regulation. I've been in several situations where it greatly improved my AC line compared to what was coming in, from under voltage to over voltages I get very narrow band of AC voltage, day in, day out and in every season or it shuts off.
As I mentioned, it's a cost effective compromise. Your alternatives are PS Audio Power Plants, which yes, they do regulate the voltage more tightly for a lot more money.
The Power Plant 15 MSRP is $8k and limited to 1200 VA. The OP is getting 2400 VA for $900 along with best in class surge protection. An 1800VA unit goes for ~ $600. A real bargain with exceptional capabilities.