Means that in a plain ordinary surge protection strip, there's just the one lighted switch near the cable that protects the entire strip, but in this case, that particular surge suppressor has multiple switches, one for each outlet, so if 1 trips, the rest are left functioning only the overloaded outlet is shutdown, prior to the Master switch tripping.
Normally I see nothing wrong with overcooling, be it cpu or case, but that cpu runs very cool to start with and won't ever need the potential that the TC14-PE can provide. There are many cheaper alternatives that'll do the same job. And still maintain the color scheme. Msi and Asus also have other options for the gpu that are cheaper (and better) than the FE, such as the Asus turbo or...