Here in Hong Kong, we have nominal 220V, but I find it dips in the afternoons to around 218V, coming back up in the later evening/night. Mostly pretty stable, given all the residential, office and industrial demands made on the grid here. They switch an extra power supply into the grid for the daytime, and have more than enough capacity for the demands, so adequate power isn't a problem. Noise is another issue, though: the power can be a bit "dirty" at times.
For different gear in different rooms, I use two UPS units, an extreme isolation transformer (looking for another few of these; really, really helps with noise floor, on a par with running a dedicated line, or maybe even better!), and several variacs. My office-room system, which is usually just a receiver (external tuner for AM), and which gets the most use in hours, usually runs at 118-9V during the day, and 220 at night, off a UPS. I have a variac sitting there, but I haven't bothered tweaking up the voltage that last 1-2 volts in the afternoon, as I don't think it hurts the gear (and might actually help with longevity?) to run it just slightly under. I can't hear any difference. The best system in the living room I keep at 220V stable, with both the big isolation transformer and a big variac. The best single clean-up I've discovered (along with the extreme isolation transformer for the main system), was putting my ceiling fan on a variac instead of the usual fan speed controller. Got rid of an annoying level of background noise on AM radio, and a general layer of noise on the circuitry. I think the next step will be putting noise-elimination devices on my air-conditioners, refrigerator, etc... But Voltage is good enough that I only use a variac to bring it up a couple volts in the afternoons for the main system, and that is probably being overly picky... but when was that a bad thing with audio?
