From top of my head, surge arrestors could help protect the breakers and/or loads from switching transients too, not only transients coming from utilities.
Utility companies do not want customer's surge arrestors on the line side of the incoming breakers,as they come in the way of performing a hi-pot tests on their feeders. (Surge arrestors could operate on hi-pot tests, Not good).
So I would place surge arrestors on the load side of the incoming bus or not provide any if the feeder breakers have them. For feeder breakers, I have seen mostly on the load side.