Sure it does. You have a big fat switcher that can be precisely controlled and you don't have to stack several telco switchers. Stacking switchers is always a white-knuckle scenario.
The control circuitry is easy, what's difficult are the ferrite transformer, the big semiconductors and the layout (for good EMC). The latter are all done. I don't think you will find the perfect solution with your desired control gear on a silver platter for this job.
UPS and VFDs _are_ switching supplies. For the UPS kind you just have to make sure that it is a true power conditioner type and can work sans battery.