We are arguing over semantics, I truly believe that we both agree, we are just calling this a different name.
I know that when you consume a surge of power, the power available will temporarily drop.
That means when you encounter a large load in an electrical system, more current will be demanded, which eats up part, or all of your available current. Because of Ohm's Law, amperage and voltage are directly proportional. When one drops the other drops. So yes, a lightbulb will dim when a surge of power is required. However, your voltage will climb back up to 120 again *** Even while you are pulling amperage from the system *** The system does not stay at a lower voltage for the duration of use. If you want to see this, unplug your saw from the wall, and use a small extension cord with three plugs, plug your saw into one of the plugs, plug your meter into the other, and turn your saw on. You will see a temporary drop of voltage when you turn the power on. But after that the voltage will go back to normal, even when the saw is running. The voltage stays constant.
But the term "Voltage Drop" in electrical work is synonymous with "Line Loss"
It is an indication of how much Voltage gets to the end of a copper wire. It is used to indicate how efficient an electrical circuit is.
From Wikipedia:
"Voltage drop is the reduction in voltage in an electrical circuit between the source and load. In electrical wiring national and local electrical codes may set guidelines for maximum voltage drop allowed in a circuit, to ensure reasonable efficiency of distribution and proper operation of electrical equipment (the maximum permitted voltage drop varies from one country to another)[1].
Voltage drop may be neglected when the impedance of the interconnecting conductors is small relative to the other components of the circuit.
For example, an electric space heater may very well have a resistance of ten ohms, and the wires which supply it may have a resistance of 0.2 ohms, about 2% of the total circuit resistance.
This means that 2% of the supplied voltage is actually being lost by the wire itself.
Excessive voltage drop will result in unsatisfactory operation of electrical equipment, and represents energy wasted in the wiring system. Voltage drop can also cause damage to electrical motors.
In electronic design and power transmission, various techniques are used to compensate for the effect of voltage drop on long circuits or where voltage levels must be accurately maintained.
The simplest way to reduce voltage drop is to increase the diameter of the conductor between the source and the load which lowers the overall resistance."
http://en.wikipedia.org/wiki/Voltage_drop
To see this, hook 3 hundred foot extension cords up end to end to end. Plug your 3 headed plug in again last, and plug in your saw and meter. BEFORE starting the saw, you will have LESS than 120 volts, probably 105-110.
This is voltage drop. Turn your saw on and you will get a drop from the original voltage again temporarily, until the voltage climbs back to where it started.
You just used an incorrect term, like if I said "I fried the engine on my saw" you could say, "It's actually a MOTOR not and ENGINE"
We both agree that 240v is DEFINITELY better than 120, and having a separate circuit for lights and power tools is also a very good idea.