I took a class where we analyzed switchers - Buck, Boost, other architectures.
A MOSFET off burns no power, and saturated on, just milliohms resistance, little power except at very high current.
But during switching transitions, it has full voltage across it while current ramps back up through inductor. Most power dissipated by the FET is during that time. The higher the operating frequency, the more it dissipates. But inductors can be smaller, or power handling can be higher for a given size/weight/cost (except for thermal issues.)
Inductor has resistance, and at full power dissipates more.
The trade-off of component size and switching frequency, vs. cost, means there is some power dissipation.
But MPPT design is applicable across wide range of voltages. The different models with 100V, 150V, 250V, 450V, 600V capability are also a trade-off. Costs more and has greater losses to use the 600V models, but worthwhile for some applications.
MPPT is being used in 3kW to 30kW SCC and inverters. For HV DC used in GT PV inverters, pretty much the only way to go. Used to be just Buck and highest efficiency, but narrow range of PV voltage. Many today appear to be buck-boost and work from 100V to 600V PV. Better for wide range of roof configurations, keep microinverters from encroaching on the business too much.
20 years ago when PV panels cost $5/W, efficiency was everything. Today at $0.20, not so much.