Just generally -- I wouldn't recommend operating at full load current at low voltages. The switching losses in those stupid things can be fatal. At low voltages, the switching duty cycle is very low, so that it's basically all switching, and the efficiency is atrocious.
Once had a one of those 100V 10A supplies nuke itself in this way. They used 50A IGBTs for switching -- terribly oversized for the supply's ratings (overcompensating for their poor design, perhaps?), big gate capacitance. Yet driven with mere 2SC1815s, far too weak. Switching speed was about a microsecond...
If the circuit is actually well designed, it should be fine at all conditions. And yeah, the hiss should just be the control loop struggling with timing limitations at this extreme operating condition -- that's not unusual and not necessarily fatal. And if it's not well designed, it can possibly be improved, but that will require much inspection (and at which point, you might as well buy a good name brand..?).
Tim