At some point in a digital communications receiver, the received analog signal must be sampled. Good performance requires that these samples be taken at the right times. The process of synchronizing the sampler with the received analog waveform is known as timing recovery. Conventional timing recovery techniques perform well only when operating at high signal-to-noise ratio (SNR). Nonetheless, iterative error-control codes allow reliable communication at very low SNR, where conventional techniques fail. This paper provides a detailed review on the timing recovery strategies based on per-survivor processing (PSP) that are capable of working at low SNR. We also investigate their performance in magnetic recording systems because magnetic recording is a primary method of storage for a variety of applications, including desktop, mobile, and server systems. Results indicate that the timing recovery strategies based on PSP perform better than the conventional ones and are thus worth being employed in magnetic recording systems.