Robert,
When we're making one-offs for personal use, 1 EUR vs 3 EUR part doesn't really make much difference. When you go into production, cutting cents is important. For hobby it doesn't matter that much. Switching converters naturally require more components, and produce more EMI as well. It should be carefully weighed whether one should be used. It might not even be more efficient, depending on the details.
If power supply voltage and the Vf of the LED chain are selected carefully, a linear regulator can be very efficient and a better solution. E.g. for my high-power ring LED lamp I'm using a 24V power supply "brick", and 8 CREE XT-E High efficacy LEDs. Those have max Vf=2.85, so the string of 8 has Vf<=22.8V. With ~1.2V to drop, and 700mA max current, the regulator would have to dissipate less than one watt, with about 16W going to the LEDs. Around 94% efficiency, I doubt a buck driver could do it any better.
I like the AMC7140 constant current regulator so far. One input capacitor, one resistor for setting the output current. PWM input for dimming (no need to use it if not needed). Dimming can also be done by using a pot in series with the current setting resistor. Low dropout (0.5V at 700 mA which is the max rated current). It's a Chinese-developed chip and has to be bought from China, they are less than a dollar per piece.
What do you mean by unfiltered PWM? I assume that with high enough PWM frequency (e.g. 20 KHz), there should be no flicker.