damn, the Niagra is a major jump from what you are currently using ($6k+).
I had similar voltage issues, not sure the Niagra will help with this. It will cut off to protect your equipment just like your Panamax unit. That is the job is needs to do.
I have a lot of tubes in my system, so sensitive to voltage swings. When I first built my system, I was blowing rectifier tubes. Did some investigation and found that I had a swing in voltage from 118v in the mornings to 127v at night. I called the power company and they said that this type of swing is within their spec and they can't do anything about it.
More research and a couple of rectifier tubes later I installed two variac transformers. These units are around $200 depending on what you get and I use them to monitor and dial down the voltage to the system to keep it in the range my equipment is safe using. It's not a set it and forget it device, it can only raise or lower the current coming out of the unit to your equipment, so it depends on what voltage is coming out of your wall. I usually set it to 116v and make sure I read it before powering up the equipment. (I think I have it dialed in now and really don't have to touch it anymore, mostly listen to the system after 5:00 pm so it's set for that voltage). These things have saved my sanity. I got ones with digital readouts so it's just a glance at the unit to see if I'm safe to turn on my stuff.

