Power conditioners have there place but they do not fix what you describe. Distortion is caused by either over driving the speakers or the amps. The "popping" sound you heard is called clipping and again is the result of pushing the amps to hard (not good for the speakers)
I do recommend something like this Ethereal power manager the ones you saw on ebay are not worth it.
I do recommend something like this Ethereal power manager the ones you saw on ebay are not worth it.