The result of twisting or braiding and shielding insulated conductors reduces inductance and increases capacitance
Really? Take a straight wire. It has self-inductance caused by the magnetic flux created as current flows. Now twist the wire into a spiral. Keep twisting it until it becomes a coil in shape. The self-inductance increases enormously because the magnetic flux now interacts with many loops of the wire. Stick a bit of iron in the middle of the coil and you have built half a transformer, or linear power supply as it has been re-badged.
Complete the transformer by adding a second coil. Do you really think it will work better if the separation is increased?
The electromagnetic force decreases as the inverse square of distance and governs both capacitance and inductance