Oops, that slipped by, thanks for reminding me. Surge protectors are not a bad thing, although the PS1 has (again) build in surge protection.
"Surge" means a lot of voltage coming through the power over a short period of time. That's pretty rare and the main cause is lightning, some accidents involving power lines (mostly on poles) being cut and touching something they shouldn't (e.g. the wrong side of a power transformer) and some really big compressors (e.g. industrial-sides freezers or fridges) turning on or off.
With the exception of lightning and some very bad power accidents, the PS1 can handle that all fine by itself. With lightning, anything is possible. No piece of equipment that I know will survive a direct hit into a directly connected power line. But then again lightning might strike a few blocks (and transformers) away in which case a surge protector might be able to take the first hit and die quickly enough to protect the attached equipment.
In this regard even cheap surge protectors will work fairly well and there is only a really small number of cases where a cheap and very expensive surge protector might make a difference.
On a side node, its a good idea to have all equipment that connects to the PS1 on the same power strip. That helps with ground loops. On the other hand it's not a good idea to turn things on and off with the switch on the power strip. That may cause your fuse to blow (due to the so-called "in-rush current") and might result in pops and clicks.
The proper way to turn things on is to follow the signal, i.e.
1) instruments
2) outboard effects processors
3) PS1
4) external power amps
Turning off be done in reverse.
Hope that helps
Hilmar