I have a LMZ14203 with a circuit straight out of the data sheet. The two differences are that my Rfb resistors are of higher value (12.3k/2.2k for 5.15V output), and the Ren divider is of lower value (10k / 1.5k for 8V). Local input capacitance is 10µF X5R, output is 22µF X5R.
I'm observing about 120mV ripple on the output with no load and 100mV with 30mA load. What is strange though: when I step up from no load to 30mA, the output voltage rises from about 5.2 to 5.4 (with the added ripple). Is this to be expected?
Everything looks OK with my target load of 2A, but during startup I expect low load and 5.5V is somewhat on the high side.