Its hard to say, with so many variables involved, but I would think you would want it grounded properly, in my opinion, without hesitation, if you do use it. One strike on a large poplar tree on our land in 2011, entered a small branch, no bigger than a lighting rod in diameter, it blew 4x4 chunks of wood out over 100', 50 feet down the trunk of the tree to the ground, I would not want to deal with that with a building, properly grounded, it should carry the load safely to the ground, or so I would think, I am no expert, instinct tells me to play it as safe as you can when it comes to lightening.
The conductor, (bare ground wire)for these systems as I understand it, is a specific type of conductor for this purpose, I know this from dealing with the company in the attached link, many years ago, they installed lightening protection systems on high rise buildings in the Metro NYC area that I worked on and beyond. The glass bulb, I would retain that and keep it, not use it, some of these are worth money or at least have keepsake value, fragile too. I have one from one of our big old hay barns and I had to precariously climb up a weather compromised roof to get it, its a Hawkeye brand, clear, with a purple tint, probably from all the years in the sun. you can find them on ebay, I see the exact same Hawkeye style that I have in milk glass, nice collectibles, but fragile like I said.
Good FAQ information on this site in the link below.
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Today's Featured Article - A 1937 John Deere Unstuck - by Gary Hickman. Here is my story of how I got the pistons out of a 1937 JD B that the engine had been stuck for about 14 years: About 12 years ago my Dad gave me one of the tractors I ran as I was growing up on our farm in central Nebraska. The engine on this tractor, a 1937 John Deere "B", had been stuck for 2 years before he gave it to me. This last spring (1999) I hauled the tractor to our 2 acre lot in St. Libory Nebraska where it joined my antique machinery collection, at that time a 1929 Caterpillar T
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