It would be preferable to keep it below the rating of your surge arresters.
For a **solidly-grounded** 69 kV system, the Maximum continuous operating voltage of the arrester should be at least 42 kV. With a 42 kV MCOV, the arrester voltage rating is 54 kV.
Per the data I have at hand, an ABB EXLIM-P arrester rated 54 kV has a switching surge rating 103 kV based on a time to crest of 45 to 60 microseconds.
Hope that helps.