I see minus 48v as server power, why minus?
Has to do with corrosion as others mentioned. Telephone exchanges run on strings of 24 lead acid batteries which is 48v nominal, 54v float. The positive is grounded. The telephone equipment runs straight off the -48v, including DSLAMS etc. The rectifiers (AC DC power supplies essentially) keep them charged up and if power goes out the rectifiers shut off but everything else just keeps going off the batteries. When voltage starts to get around 47v then they'll hookup a generator to top up the batteries. I've seen equipment run on as low as 44 volts but we avoid letting batteries get that low as it's bad for them.
As for PFC I heard it can cause issues with UPSes as most off the shelf UPSes are square wave and PFC does not like this, so I guess if it's causing an issue you would be able to turn it off. First time I hear of that being an option myself though.
Been wanting to upgrade my UPS system to dual conversion 48v similar to a telco setup, but it's one of those things I don't really want to spend the money on either. Looking at around 5 grand or so by the time I buy the PSUs (can't find anywhere that sells rectifiers), inverters and batteries. Was looking at some Meanwell PSUs, some support paralleling so I'd probably go that route, then one inverter per PDU. Maybe at some point I will build my own power electronics but not sure if I trust myself enough to run all that equipment off a DIY job.