This is good information. I always thought the Belkin Surge Suppressors were great based on how well built they appear. Maybe this isn't the case though since mine (an older one) that's used on my PC doesn't have fuse protection, and displays a pretty green LED stating the protection is still working (although I doubt the MOVs are actually measured for having failed).
Complete anecdotal evidence but, in my experience, the uglier the power strip the safer it is. I have seen really fancy power strips with absurd "protection" circuits and the usual ugly ones have more decent stuff built in.
I think many surge suppressors offer noise suppression or whatever. My friend would spend much more money on these type for his stereo system to clean the 'dirty' AC noise. I would tell him it was a waste of money and the filtering is done inside the electronics (stereo, amplifier, etc...).
Anyone can spend their money in whatever they want, but you are right that some filtering is naturally done due to the physics of transformers in power supplies - that is entirely dependent on the nature of the noise in the power lines. If the noise is of higher frequency due to other appliances, high power motors, etc., common-mode chokes have a more critical role in dampening it. However, if the voltage has a very large and somewhat slow swing (several 50/60Hz cycles), then a surge suppressor would not help much - too little energy is stored in its inductive and capacitive components.
In ancient days there were voltage stabilizers used with sensitive electronics (early TV and radio sets) that were true autotransformers with sense circuits that switched the taps depending on the input voltage. Nowadays these are called "power conditioners" and are still required in areas where voltage wildly varies - usually on installations at the end of the line, rural, ancient, or supplied via a generator.
This being said, is using one with a common-mode choke worth it? My opinion: each additional component adds a greater risk of failure/fire. So personally I'd rather keep (in this case) a surge suppressor simple.
See above.
Two design questions though: should multiple MOVs be used in parallel across each line (hot-neutral, hot-Earth, and neutral-Earth)? If so, should they all be the same size?
That depends on the distribution system, but the Neutral-Earth could be, in theory, smaller than the other two. However, given that other factors can cause the neutral line to float and bring it too close to the live wire, I would simply use everything the same.
I never heard of GDT's until reading these posts and did some research on them. Seems the risk of fire is minimum, and assume these are better than MOVs, but guess they are used less because of size and cost, is this true?
GDTs are slower to react when compared to MOVs, which are slower when compared to fast diode/transistor-based clamping systems (such as the ones inside a DMM, for example).
All in all, modeling a surge is complicated and therefore the solution are tailored to cover the widest range of possibilities, thus you see a combination of different safety mechanisms.