I bought the Equitech gear primarily as a surge protector but also because it balances power and makes everything sound a little better. I think it's important to have 'something' between your gear and the wall for surges, sags, and spikes. Amps are the least of my concern since they are fairly simple, built for high voltage, and are more robust. (A general statement about high power SS amps)
My audio PC, SB3, HT receiver, TV, and so on are not so forgiving. Sags and surges there lead to shorter lifespans... and it's a mystery as to which part will fail.. and there are lots of them!
I'm not sure what kind of surge protection tube amps need... but I know Rich has experimented with the Equitech also... I would think minor sag/surge protection is no problem but major spikes might..
I have a lot of gear and if it all got hit hard, I'd be pretty upset. My thinking is that having a giant transformer between my gear and the wall provides one more step of protection... so maybe just 1 thing gets destroyed rather than all of it...
BTW, the rider on insurance sounds like a really good idea!
-C