This is the problem I referred to. OTOH I didn't quite get that this thing was designed for an AC input, so maybe I should have kept my wug shut :suspicion:
The problem with rectifying and smoothing a transformer is that you get peak volts at no load and a square wave as you start pulling power. If you try to smooth it the capacitors quickly become bucket sized and hideously expensive.
A switchmode PSU uses the bottom end of the rectified wave form where the low voltage gaps are so much narrower and you can keep the power flow using inductors.