Probedude
Enlightened
Yes, but I don't know about "waste" since you're getting what you want out of them, so it's more a necessary cost. Whether it's more, less, or just the same efficiency as a buck or boost board will depend on input voltage.
Hmm, there's no energy conversion so except for Vin being close to Vout I'd expect it to always be less efficient than a switching solution. With Vin < Vout (impossible with this board) there's additional losses through the voltage drop across the series pass transistor.
Dave