With all due respect, I think you have mis-read what is happening. You are correct there used to unregulated linear supplies, but that's not what I am referring to in this particular case.
The OP has long power leads going to his camera, so to compensate for the voltage drop, they have to increase the supply voltage. It has nothing to do with the difference between a linear supply and a switch mode. You can get linear supplies with excellent regulation, but since they rely on a controlled voltage drop over a linear device(2N3055) they are less efficient than a switch mode.
If you have very long leads, you convert a regulated supply to one with poor regulation, where the output voltage at the ends of the long leads becomes a function of the resistance of the leads and the current.
V(at end of leads)= V (regulated)-Current X lead resistance.
V regulated doesn't change. When the current is zero. The voltage at the end of the leads= regulated output. In the OP's case, 15.5V. This is the important point when you boost a voltage to compensate for line drop and connect the camera to a live supply. The 12V camera will see an input of 15,5V
As soon as the camera starts drawing current, the voltage will drop, but it will be a function of the current, it's become an unregulated supply. The input components will already have seen an overstress condition.
One way to compensate for long leads is by using a sensed power supply. The sensed power supply has 4 wires +V, -V, +Vsense and -Vsense. The sense inputs are very high impedance, essentially it's like having a voltmeter at the end of the leads and a compensation circuit to change the output voltage as the load changes.
Power supplies have line regulation and load regulation. The 100-240V shows the SMPSU have excellent line regulation. Remember the old linear supplies with switch input to change the transformer winding
You could design a universal input linear supply without switching and do all the regulation on the output, but it would have poor efficiency.
Linear supplies are still popular in some areas, they are much lower noise , but lower efficiency (52%!!)