@squared80 -
For safety and reliability reasons whole house surge suppression units have a clamping voltage around 400V from neutral. I can tell you from personal experience they don't do great with sensitive electronics. Lets talk specs though:
A 120V circuit goes up and down 60Vrms from the neutral, which has a peak of ~ 85V .
60Vrms = 60V * square_root(2) = 84Vpk
According to actual third party testing here with a 5kV surge the Furman PST-8 let an additional 40 Volts through. Lets do the math:
400Vpk - (84Vpk + 40) = 270V additional volts before clamping starts.
I quote the review here:
It turned a 5,000-volt surge into just 40 volts, thanks in part to a shutdown circuit that turns off all power when it detects a surge. The Furman PST-8 actually let less voltage through in our tests than high-end series-mode surge eliminators that can cost hundreds more.