Well after a recent power outage and losing my refridgerator (with surge protector and fuses on both inner boards) Surge protectors either dont work or are not 100% effective. Also neither fuse on the boards were blown, but all the caps were.
A surge protector does not even claim assumed protection. Something completely different (also called a surge protector) means protection even from direct lightning strikes. Two completely different items with a same name is how scams are promoted. Technical details (ie numbers) are always necessary.
BTW, that 'varnish' is called conformal coating.
Daisy chaining any power strips is dangerous. If in doubt, ask a fire marshal. Some years ago, a local dog kennel burned down killing some 20 dogs because they daisy chained (non-protector) power strips. Power strip protectors are even more dangerous.
Another urban myth is power loss causing disk head crash. Disk drive hardware learns about power off long after power is removed. Residual power in a drive safety shuts down a drive. Disk drives always worked this way even when heads were moved by motor oil.
UPS is temporary and 'dirty' power so that unsaved data can be saved. It is, for all practical purposes, not surge protection. In fact UPS power may be so dirty as to be problematic for appliances such as refrigerators. Otherwise someone posted a specification number that said otherwise.
Daisy chained power strips are dangerous. Important feature in any power strip is its 15 amp circuit breaker (and a UL listing). All power off is sudden (unexpected) to disk drives. Hardware protection is best done by something completely different, also called a surge protector, that costs about $1 per protected appliance.
BTW power strip protectors do not use thyristors. Power strip protectors cannot be repaired (and remain safe).