A few notes:
1. Although ferrite cores are usually used in power/RF applications above ~10KHz, they can be used at 50/60Hz, but in general does not make much sense.
2. Laminated silicon steel transformers/chokes can operate at flux densities ("Bmax") between 1.5-2T. Meanwhile, ferrite cores max out at about 0.3-0.5T.
3. High Bmax is preferred for low frequency applications because Bmax is related to the "energy" stored in the core's magnetic field, per cycle...or rather per half cycle. If you want to deliver 300W @ 60Hz, each cycle needs to contain a lot more energy when compared to a typical switch-mode converter's frequency of 100KHz. As flux density is related to the cross-sectional size of the core, a higher Bmax allows a smaller core without saturating.
If you had two identically sized cores, one ferrite, one laminated steel... the power throughput will be lower for the ferrite core (without saturation) @60Hz. So, you can get power through a common-mode choke, but you'd probably reach saturation earlier.