Laz, I'm of two minds on that. Beins there is a dip at a steady load it shows the load/voltage relationship is being compromised. Not too detrimental but it is having an effect. When it comes to a large transient does that relationship change for the worse? Logic would dictate that it would. Although the transformer was approaching saturation, if not there already, perhaps there was nothing else to give to a transient. At lesser power levels with a large transient it MAY choke there, until
i'm able to also monitor voltage and current it will remain supposition.......BTW, I do have 2 fluke 335 clampon amp probes, we'll know soon how that looks.