In terms of where you spend your money, I'd vote to spend it this way first:
1. SPD at load panel, protecting all circuits (level 2 SPD - load panel level)
2. SPD at (expensive) electrical devices/appliances, protecting that device/appliance (level 3 SPD - device level)
3. SPD to protect from grid (if grid-connected), SPD on your inverter (if off-grid, and inverter supports) (level 1 SPD - grid/inverter level)
4. LPS if there's some reason for it (ham shack full of $1000's of gear, money to burn, etc.)
Most danger is surge from the grid (this is most likely source, not lightning), next danger is a surge from "nearby" lightning strike (through the earth to your wiring, this is less likely than the grid, but every area of the country is different in lightning strike potential), next danger is micro-surges from every other device in your house (too many devices, too many standards, too many manufacturers of dubious quality).
Because many vendors offer it, you can throw an SPD directly on your inverter (my pre-wired magnum has two midnite solar SPD's wired in). Takes some homework to figure out why you have these, and the scenarios where it is helping you. Midnite solar SPD's are effective and *visual*, so you know if they're still good and effective, whereas I have to open up the load panel to see if my level 2 SPD is still effective (check the led's). As in my case, these came pre-wired, so it was my first occurrence of SPD at that level, in my home wiring ... inverter went in, SPD was there. Only later did I chase down info on surges, and got the other levels in.
In America, we also have a tiered system of SPD's, although a homeowner would have to hunt the information down. Electricians know about it, and codes speak to it (I believe #1 is now in the electrical codes). There are also descriptive/install documents on LPS's, but you'll have to hunt those down as well.
I learned about SPD while chasing down THD. It turns out that surges are a big problem (and we can easily do something about it), and THD pales in comparison (as in, we can't do anything about THD). We can also do something about LPS, but at some amount of cost.
Still pondering LPS, but only because I do have some ham shack gear, electronics workbench gear, etc. Just lacking in the "money to burn" category.
You can't do enough homework ... perhaps if you buy your electrician a beer, you could pump them for their take on these subjects!
Hope this helps ...