I think the way the Monster Cable surge protector works is that when the connected unit is powered off, it will cut off power afterwards. I am not sure how the surge protector knows when to shut off the power flow.
That's the way most such devices work. For the iMac, that would have to be the "connected unit" acting as the master. If the other devices are peripherals to the Mac, then such a power manager would probably make sense. Unless you never want to watch your TV without your iMac running, though, then the GreenPower probably wouldn't really be suitable.
The tech person at BestBuy of course swears by Monster Cable. I guess it is suppose to be the brand that music professionals trust.
Of course the tech and sales people do. BB gets a high margin on Monster's products. And I was a music professional and I most certainly don't trust Monster. Part of that is personal, due to Monster's draconian trademark protection legal battles (for instance, they tried to sue the Chicago Bears for trademark violation for using "Monsters of the Midway"), but most importantly I don't find their products to be worth the price they charge.
It sounds like you had negative experiences with Monster Cable products. If you don't mind me asking, what were they and what do you like about Tripp Lite products.
I find Monster products typically to be overpriced, often vastly so, for what you get. Their cables are notorious for being priced many times what the quality would justify but are pushed hard to unsuspecting consumers in stores like Best Buy. I'm also quite leery of many surge protector products; many use cheap technology that makes the problem worse.
Again, I can't say that the GreenPower would not be a good product for the money, but I have used Tripp Lite products for years and have never had any cause to regret it, and the product I mentioned, on paper at least, provides a higher quality product for the same price. APC also provides decent product, but again, I've found Tripp Lite to be better; they seem to spend less money on marketing and more on the product.
Regards.