Well, the MOV's on Mutley's boards are on a phone line, so the typical value for these is 250VAC rating, and generally there is also a upstream dual spark arrestor, typically a 470VAC device. Limited energy on a phone line, you will find the few kilometres of fuse wire, otherwise known as the twisted pair cable, are a very effective energy limiter to reduce the power into the board.
However most of the time the board fails from having an inadequate ground connection, as typically the installers either use the mains wiring, with a 0.75mm earthing conductor, which is very inductive as it is typically quite long and only connected to a poor local grounding system. Ideally you need a 4mm cable (minimum) direct to a good ground rod array, directly into the ground and with minimum length, with the telco side spark gap connected there as well.
Attached is an old failed electric fence load unit, which has to absorb the 4J of power in each pulse from the energiser, and which typically gets a belt every second. The VDR elements there rarely fail, unless hit by lightning, and the typical failure is the high voltage transformer suffering from insulation breakdown. 6 1kV MOV units in series, and the IR led is the touch detector, measuring the voltage pulse on each cycle and communicating it as a light intensity pulse to a remote phototransistor on the main board. Cheap way to get a 20kV optoisolator.