Nothing wrong with it as APC has a lot of experience with making high qualilty products that do what they claim to do.
However, some people are under the misimpression that 'voltage regulation' means it constantly adjusts the voltage to maintain a constant 120 volts. It does not (none of them do, except for the high priced products that fully regenerate the AC and it is debateable as to whether that is even necessary).
Devices with AVR only boost or attenuate the voltage when it falls outside of a preset range. So if for example you have it set to a range of say 98 volts to 130 volts it will only kick in and adjust the voltage to 120 if the voltage from the line drops below 98 or rises above 130. Still it should do a good job with surge protection (it's REAL purpose) and for the occasional events where the line voltage rises above or drops below the 'acceptable' range it will kick in and adjust it back to 120 or thereabouts.
The APC H10/15 units allow you to set the range as do nearly all of their UPS units that I've owned.