Indeed, power is not my thing, but much the same goes for every field, the only question is how far down the rabbit hole do you wish to go.
Seems to me Treez that your notes basically apply to penny ante flybacks and the like, and why would anyone bother rolling their own? The things are a commodity product and I would have to shift a huge number of units to get back the NRE, doubly so when you consider the certification costs. Jellybean power supplies are like opamps, sure I can design one from discrete parts, but most of the time I have better things to do and I just buy in the boring bits.
At the end of the day, what most of us do is in some sense systems engineering, we take a power supply module and add a processor module and some IO, maybe a few amplifiers, maybe a screen, it is a rare pleasure to have to actually get the math on, most of the time the value is in knowing how to combine almost black box subsystems, and in knowing where those assumptions break down.
Regards, Dan.