Yup, almost as likely as conclusions based thought experiments, ill formed models, and worst of all, confidence that the problem is 'trivial' without any actual experience with the issues.
Nicely put, Paul. In my experiments, I was pleasantly surprised to hear audible improvements adding each next conditioning component to my system, though theoretically I assumed beforehand the results should have been what I heard. What I couldn't foresee beforehand was whether I might be choking the energy supply to my amplifiers, diminishing dynamics etc. I observed no such compression.
I am using balanced toroids as the last component in the series feeding the power supplies of my amplifiers. I find they also improve the sound, much like the author of the EquiTech site says: greater clarity, better bass articulation, etc.
As to the question where electricity is best cleaned (regulated), I think that's an interesting, open question.