Hi
in a design of mine not long ago (few months ago) I used the TPS5430, so i can give you mt advice, first of all it's a great little device very simple to use, and can provide a high(ish) current i have tested it up to an amp and it wasn't even feeling it
That said i dont know if it's the right part for you, it has a maximum current of 3A that os really huge for biasing opamps, and to prevent it from melting it has a power pad heatsink on the bottom, and that's not the easiest thing in the world to solder, there is the big via tecnique, but i dont particularly like it, so i made a pad that came out from a side, with no solder mask
As for the compensation, it sames you some parts (well not really much since they are a couple of passives) and some calculations, but you lose a lot of flexibility and i had some noise on the output, nothing drammatic since i was only driving a servomotor but for your application could be a problem so the passives you save could very well be you have to use them to smooth the output voltage
All in all a great part though...