If you go to this web site and look at the technical report on surge protection it has a diagram and instructions on how to construct a surge protection unit with indicator lights.
http://www.hirailers.org/
I have the correct TVS install on every input and output on any device that is carrying electrical current. This includes Powerhouse, TPC's, ASC's, and any other control module.
It is my understanding that MTH incorporated transient voltage suppression of some type in all of the DCS devices from the initial production up until the present versions.
During the initial design stage MTH asked me to provide them with information related to surge protection which I did and I was assured that they would make sure that the devices incorporated surge protection. I would guess you would have to open them up to make sure.
QSI did a report that was published in the February 1999 edition of OGR magazine about damage caused by voltage surges. In some ways it was an effort to promote the QSI PowerGuard product. The reason for the study by QSI was in response to so many failures of their PS1 and similar boards.
According to the article PS1 and similar boards were severely damaged by any voltage spike above 35 volts and Lionel boards were damaged by spiked above 50 volts.
The higrailers site does an extensive study on the subject and I would highly recommend that you read it. It is not however the last word on the subject but should be considered with other information from qualified, and I stress, qualified sources.