bad news: it is not terribly effective for ripple rejection. datasheets typically quote a ripple rejection of 60 - 67db, at 100/120Hz however. Your typical smps works at 50 - 150Khz and at that frequency, your psrr can be as low as 20 - 30db.
More bad news: switching frequency is rather irrelevant. Your typical SMPS emits switching noise into mega-gigahertz range; it's from the slew rate of the square wave. And at a few dozen megahertz, your linear reg PSRR is even lower.
So, you don't even try to get rid of switching noise by using a linear reg post-stage. That's not the point at all. Well, what's the point then? I guess one of the points is to increase transient response, for load steps, for example. And yes, linear stage helps with mid-frequency noise somewhat.
SMPS-linear hybrid is not a silver bullet. Proper SMPS design is paramount; after that, the filters. Adding a linear stage comes long after, IMO.
So, if you are going to design your own SMPS, don't even think about post-regulation steps at this point. It will draw your focus to irrelevant control questions. Dedicate your time on learning how to design an SMPS, because that's where it starts. After you have a proper SMPS going on, the odds are that you are more than happy with it as-is, and probably designing an extra LC output filter stage comes next.