Another idea....... Cable co. that i use has everything grounded to to inline water pipe... would this work too? I want to do this right...
Keeping the strike and high current OUTSIDE of the house is your objective......not to bring it inside.
Water pipes are considered a poor choice because of the possibility that a section of plastic pipe could be installed between the ground connection point and the earth.
While the soldered joints in the cold water plumbing of a house have excellent continuity, they aren't good at carrying high current for long periods.
Most people think of lightning as the only hazard to consider when grounding antennas, towers and masts.
The event is of short duration and the likelihood of a soldered joint melting is probably small.
An event such as a power line wrapped up in an antenna, or a mast falling into a power line are likely to be a long duration event..... Until the power company arrives....In a case like this the soldered joints will be carrying high current for a longer time period and will be stressed.
As for your cable television installation......the ground would be considered unacceptable under todays National Electrical Code.....The likelihood of a fire is probably pretty low because the small gauge drop wire would probably fuse itself open from the high current before the pipe joints melted.....But that's just an optimistic prediction on my part........and still doesn't make the installation right.
The beauty of the National Electrical Code is that you don't have to understand it.....Just follow it.
Their recommendations are mainly to prevent fires and electrical shock and don't really go into much detail about protecting sensitive electronics however.
Perhaps someone else can elaborate on protecting coax and equipment.
As for myself, for absolute protection, I disconnect the radios from power and antennas anytime lightning is in the vicinity.......The tower is grounded using six 8' ground rods with a bare number 6 buried to the power ground rod.
The fiberglass antenna took a direct lightning hit about 10 years ago and was destroyed.......Nothing else was damaged.