I've installed about 10 whole house TVSS units a year.
Had an interesting experience a few years ago:
Lightning hit the distribution on a dead end street. I ended up at 6 homes by the end of the day (they all saw my truck on a week-end).
Four homes lost basically anything with a micro-chip in it. One home had no damage, but the cheap whole house TVSS $40 - $50 had a hole blown out of the side. Sacrificed itself doing its job.(Exactly what MOV's are supposed to do) Only one house had no damage and they had an Intermatic IG3240RC unit; has a nice metal housing and $25,000 Connected Equip Warrantee.(Granted none of these are perfect)
The combined types provide the best protection. A whole-house at the panel and a point-of-use at the equipment.
Some very good Whole House TVSS is offered by the utility. They simply come out and unplug your meter, plug in a collar, then put your meter back into the collar.