Newer SMPS have a PFC stage do this automatically before the main switch stage. The voltage stays more or less, constant, from what I understand, reducing the stresses on the bulk capacitors and decreasing high pulsed current draw from the wall outlet, in comparison to passive or no PFC SMPS. Apparently, 30% or so electricity generating capacity can be gained just by having people transition to PFC SMPS, and hence why a lot of EU regulations push for it.
Old ATX PSUs can be found with passive PFC (so the typical LC input filter, X and Y caps, etc etc), or even no PFC (for those horribly cheap SMPS).
Question is: if just the input voltage was changed from mains AC to a fixed 350V DC, would the old ATX PSU become more efficient? Has anyone here tried this themselves? My question is theoretical, and I'm not aiming to power an old ATX PSU off HV-DC any time soon.
Of course, the input capacitors would have to be swapped out for 400V capacitors (since it's no longer going to use a voltage doubler and evenly split and step up the voltage across the two bulk capacitors). And of course, the rectifier would no longer be necessary, since we're already inputting DC to it, buuuuut assuming we left it in place, it would have to be able to cope with double the power dissipation.