Just so I understand better, in what ways is the 120V from the wall more dangerous than the 120V from a 120V:120V transformer. Is the point to protect you in the event the outlet you plug into is wired incorectally?
It isolates the circuit from the seemingly limitless current of the mains.
An isolation transformer's secondary windings will be rated in
mili amps while the mains will be a minimum of 10 amps and possibly twice that.
Let us ASSUME we install a isolation transformer using good construction techniques.
1st we'll install a 3 prong cord and land the ground wire to a dedicated stud on the chassis. we now do not have to worry which side of the plug is neutral and the earth ground, neutral, and signal grounds are now at the same potential.
This eliminates the50/50 probability of you becoming the shunt between the guitar amp and another ground source like a mic plugged into a different amp.
a 3 prong plug without the isolation tranny does the same thing, but it does not limit the current that could develop in a number of mishaps. (like a mis-wired outlet)
2nd we'll put a properly sized fuse inline with the mains hot. if something shorts on the secondary side it cannot draw more than the milliamp rating of the secondaries in the iso tranny without popping the fuse. So if YOU become the shunt between the HT of the amp and ground, you'll only experience a limited amount of current.
Working routinely in tube amps with B+'s of 300,400,500 and more VDC's we forget that 120V is HIGH VOLTAGE and 1 A is HIGH current let alone 10 or 20 times that!
If I've got any of this wrong,
I hope some one will correct me.
Ray