In response to the $8000 damage to the audio gear.... would have installing one of those $100 surge plug strips prevented damage?? This Is a great thread!!!
Sadly no...
A typical surge protector works by monitoring the H to N and H to G voltages with a pair of little MOV semi-conductors that sort of look like red nickles. If there's a potential over about 200 volts peak, the MOV devices will short for a brief instant. (remember 120 volts RMS [Root Mean Square] times the square root of 2 ( which is 1.414) comes out to 170 volts peak). So if there's a voltage spike on the power line from a nearby lightning strike or power-line snafu (commonly called a surge) then the MOV device will short it out and trip the circuit breaker. And sometimes they just die trying.
However, a surge strip is really no smarter than your DMM when measuring outlet voltage since it has no reference to actual earth ground. So plugged into a RPBG outlet it will assume everything is perfectly fine since it's still only measuring H to N and H to G potential. And while there are advanced surge protectors for big RV's shore power connection (see my NSZ article at
http://www.noshockzone.org/rv-electrical-safety-surge-strips/ ) they still can't detect a RPBG wired by a campground electrical guy (I won't call him and electrician) causing a hot ground on the campsite pedestal. However, while these $300 surge/monitor boxes will check the line for high and low voltages, they only disconnect the H and N buses via a relay. That still leave the safety ground connected on the RV chassis while they're tripped, so there's always the possibility of the fancy RV surge protector shutting off the H-N connections, but leaving the hot-Ground contact in the outlet still tied to the chassis of the RV. I've tried this out myself and measured the effect, and then talked to the RV surge box manufacturers to confirm that's how their products work. They seemed a little embarrassed when I called them out on that safety issue, but I've not seen any product fixes.
I've also done sound on a number of stages where the guitar players cut off the ground pins on their amplifier power cords, then tell me not to worry because they have a very expensive "surge strip" that will protect them from getting shocked. Again, that's also a bunch of misinformation since a surge strip is there to protect the gear, not the consumer.
The other interesting fact is that many surge strips introduce up to 3 to 4 ma leakage between the H and G buses. That's not enough to trip the GFCI by itself, but if you plug TWO surge strips together on the same GFCI outlet, it will usually exceed the 5 to 6 ma threshold and trip the GFCI breaker. I think that's why so many music clubs illegally remove the GFCI outlets on the stage. Too many "random" GFCI trips that shuts down the band will NOT be tolerated. You may also seen random tripping of GFCI's on A-V media systems which many times will have more than one surge strip plugged into a single GFCI outlet.
I've been studying this for a while and don't have all the answers yet, but I'm working on it. If there are any GFCI or surge protector engineers on this forum, I would love to hear their take on it.