Larger capacitors tend to have larger parasitic inductances
and resistances than smaller sizes, let alone the benefits of
paralleling.
The DC series impedance of the supply is not really the issue,
it's the effective impedance of the noise sources (which are
not always inside the supply, such as self-generated switching
noise which is on the wrong side of PCB trace inductance,
from the power source).
Your bulk capacitance is for the ripple baseband and its first few harmonics.
Your distributed capacitance is for AC-shorting the local
current loops as close-in as possible.