Well, I triple-dog-disagree with you. The lower the clamping voltage the larger the current spike. This is the reason for putting th diode as close to the source (inductor) as possible, the decrease the loop inductance/radiating antenna size.In any case the back EMF is only about 0.7V with the diode so it won't radiate much energy. An unsupressed spike from the wire inductance would likely radiate more.
MOV clamping action is slower and softer than tranzorbs or zeners, which is bad for protection but good for EMI.
IMHO
ak