Ok, nearly 30 years of experience (including support for nuclear missiles), though I'm no tech. First, NO backup for electronics is foolproof or 100% harm proof. Start with that to decide what you can afford to have and not to have. The BEST way to limit lightning and surge damage is to shut off and unplug when storms are in the area. Second, the distance from you to the lightning hit and/or the ability of YOUR line from the station makes a big difference. Surges can dissipate, especially when properly grounded or you're a long way away. Then a simple surge protector makes sense, value-wise. But if you look on Wiki or some similar answer site, you'll find that surge protectors only protect: a) up to so many joules, and b) by recognizing the surge within x number of seconds. Cheap surge protectors die at fewer joules and often die faster because they can't "clamp" down on the surge faste enough. At electricity speeds (near the speed of light), a slow protector lets enough through to fry what you have on your end. Surge protectors really are designed for normal, everyday line voltage ups and downs (we have lots in Wyoming), and are likely 98% effective for those. That's like birth control being 98% effective....what if you're one of those other 2%? Third, you could spend thousands of dollars replacing your equipment, you could spend thousands of dollars on industrial strength protectors, and still only likely get up to 99% effective. So there is ALWAYS the possibility of something frying your system. Unplug the system, but leave the phone line connected and you can still get fried if it hits the phone line. Yuchhhh! Fourth, I learned years ago (thanks to my son and my own bad experiences) to invest in a UPS (uninterruptible power system). I like APC, but there are other brands, and yes, they are more expensive, from around $40 to several hundred dollars. I bought an APC UPS 1000 watt because my desktop computer (in your specifications!) used around 300 watts, and with peripherals plugged into the UPS I was running around 330 (had a friend measure for me) when I was at full tilt. This included an HP AIO printer, external hard drive (backup), phone, wired network switch, and a few other small appliances. Then a year ago, my ATI (after 3 years) graphics card died, so I had to replace it with the same series, but updated model. I also added a USB 3.0 port, and upped the RAM to 12 Gb (the max my computer would run). Upon reading the cautions for the cards, I replaced the power supply, wanting a 450 watt, but I got a great deal on a 600 watt. So I have more than enough power for what I do. The UPS has protected my desktop (and a similar unit my laptop and its peripherals) and phone from many lightning strikes (yes, Wyoming has a high incidence of lightning strikes at 6100 feet altitude). The nearness of the strike makes a difference, and the nearest I've had so far was "flash: one thousand, t....and boom". That's close. No damage to the system so far. And the UPS (battery backup) serves as an excellent warning system when one of our frequent power drops occur (for a variety of reasons), so I can shut down, or continue for a few minutes (up to 25 minutes on my system, though it's rated for 27 minutes) to see if power comes back. I put a second UPS on the laptop's setup (probably overkill, but I tend to be cautious), a 1300-watt. The thousand watt cost $200 5 years ago (I've replaced the battery at 3 years as recommended for another $69 plus shipping), and the newer (1 year) 1300 cost me $169 online (prices have come down slightly). No dead computers from surges, strikes or whatever (electrically-caused), and best I can figure, that has saved me about the cost of the TWO UPSs. A fellow computer user lost his to a lightning strike, and his $2,000 computer setup was trashed. He now has a UPS (1500 watt). CAUTION: Always find out what load (volts and watts) your UPS will pull, along with whatever else you have on that line, and what that line is supposed to hold (then come in at UNDER the maximim), or you could cause a fire (especially in older homes like mine). My 1000 watt caused breakers to pop occasionally, so when my water heater went out, and I had to switch from gas to electric and unhook my old hot tub, I had the electrician install two more dual plugs. The 1000 goes into the breaker for the front wall of my house, the 1300 into one of the new plugs (circuits). No more breakers popping or plugs getting warm.
Hope this helps some, a UPS to me is gold in the bank. And I got one for my TV/amp/BD setup too. I kept a power surge stick for my cheap, small bedroom TV. Simply a valuable addition to protect my system. cheyguy