I'm currently looking into isolated step-down DC/DC converters, to convert from high voltages (a few hundreds volts) to 24 V.
Apart from some exotic exceptions, all these DC-DC converters use transformers that provide both isolation and a good efficiency at high step-down ratio. There are many different topologies: flyback, push-pull, resonant... In the case of flyback, the transformer is used as coupled inductor.
But there's always a primary winding, a secondary winding, and therefore there is a turns ratio between primary and secondary. This turns ratio will usually be optimized for best efficiency at the nominal input and output voltage ratios.
Therefore, the further away you get from this nominal ratio, the worse it gets. In fact, it's already pretty good to get a 1:2 input voltage range with a transformer that has a fixed turns ratio.
There are other factors too: at constant output power, input power is inverse proportional to input voltage. As input voltage gets lower, more current is needed to provide the same power. Extending the input voltage range down will require switching devices capable of higher current, larger dies, with more capacitance, and more switching losses. Also it needs thicker wire in the primary, which costs more and makes the transformer bulkier. If the application does not require it, there's no reason to incur the extra costs and loss of efficiency.
The usual "universal wall wart" supplies with 85-240V AC input generally use flyback topologies, which offer a wider voltage range at a low cost, but at the expense of higher losses. It's okay for a low power converter, but at 500W there are much better options.
For high power AC-DC converters with "universal input" you'll usually get a boost power factor correction stage or a capacitive voltage doubler, which compresses the allowed input voltage range into a much narrower DC bus voltage range, followed by a resonant converter which allows very high efficiency. So the actual isolated DC-DC converter in these supplies does not have to handle the full input range.
When the input voltage is close to the output voltage, I understand that keeping a few volts of difference makes things far easier.
This would apply to a buck converter, which is a non-isolated topology using an inductor. It's a completely different topology from a transformer-isolated converter.