What the ratings mean for your board
The 1.5SMC16CA-M3/9AT: For a 24V DC bus that sees occasional inductive load dumps or lightning-induced transients, the 13.6V standoff leaves margin below the rail so the diode does not self-clamp on normal ripple. The bidirectional channel means you can use it on AC signal lines or on DC lines where polarity reversal is possible — no need to worry about orientation in the field.
