Most of the time the AC is in spec. However there are times when it is not, voltage may sag or be excessive. Good units will stop this in an msec. There may be longer periods. In my last residence, the power company had a failure of a voltage regulator in the vicinity and the voltage got to 153 volts! My UPS units shaved it and saved my equipment. It alerted me so I could prevent a neighborhood disaster.
Finally in times of unstable power, or a power cut, my units will switch to their batteries and do a smooth shut down after 20 minutes, or as in my case, keep power until my generator starts.
Lastly, you need whole house surge protection at the panel. I would actually bet more equipment is wrecked by power anomalies then you realize. This is all about protecting your investment, and not improving sound.