> keeps it at 120 V +/- 5V
If it is what I think it is.....
It is a many-tap transformer, taps 5V apart. It finds the tap closest to 120V. When that tap rises above 125V or below 115, it *switches* to the next tap.
> usually ~122 VAC but ...currently ...129 V range
Then it will output 122V, until the voltage rises to 126V. Then it will *switch* from 126V to 120V.
If you have 122V from dawn to midnight and 128V midnight to dawn, this may be acceptable. Hard to imagine 129V doing as much damage to a guitar amp as a Furman does to your wallet.
However if you are really getting 129V many hours a day, call your electric company. Say your lamps run real bright and burn-out very quick, and you are "afraid" that the electricity is dangerously high. While "129V" may not get attention, "afraid" usually does. And most residential distribution has regulators (usually step-type like that Furman) which "should" hold semi-steady voltage at the street. Maybe theirs is sticking, or they haven't got your street on a regulator yet.
However I have seen similar systems switch-switch-switch ALL day long every 7 seconds, because the output of one source was right at the switch-point of the following regulator.
I'm curious about Furman's claim of "1 nanosecond". You can't even read the voltage of a 60Hz wave in a milli-Second (a million times slower).