The problem with MOVs is that they are 'sacrificial--' every time they swallow up a transient, a little bit of them gets eaten away-- until (as someone said) they end up as an open or short circuit. I'm familiar with the 'home version' of line reactors-- the Zero Surge / Brick Wall surge protectors, with 'reactors' (ie coils of wire with iron cores and capacitors) inside them, which 'absorb' a surge and release it slowly (NOT to the ground line!).
I've had 4 Zero Surge units for years, and (knock on wood) have not had issues with power surges. I have heard the one guarding my computer HUMMMmmmm during storms, so there's hope they're still working properly!