> Should there be a cap/caps before the regulator?
You have the calculator. What is the ripple on the voltage going into the chip when C=0?
In fact that calculator uses a simplified formula that gives impossible answers for very small C. But try R=1K and C=2uFd: you get a low average DC voltage and a very high ripple. The regulator will trim the top of the ripple, but can't magically make power when the inpit voltage ripples lower than the desired output voltage.
YES, you need an input cap.
How big? Try for around 1V ripple, see if that is practical. For 1K load (several Phantom loads) and 48V*1.414= 68V peak input, you need about 150uFd. Even in a 100V rating, this is not an expensive part.
As a short-cut, use 1,000uFd for every 1A of DC load. A single Phantom load is supposed to be 10mA max, so 4 loads is 40mA. The regulator needs to be fed another 15-20mA. Say 60mA design load. 60mA is 0.060A, so use 0.060*1,000uFd or 60uFd. The calculator says 2.7V ripple. That may be OK for some purposes, will actually work here, but 150, 220, even 470 uFd is about the same price and less ripple.
> if C2 is increased will that filter out more ripple?
No. Or not enough to notice. The main ripple reduction is the amplification
inside the regulator. A heavy cap on the output does passively suck ripple, but it also loads-down the amplifer and reduces its ripple rejection. Typically you use 1-50uFd here. With a reasonable input cap, ripple rejection in most DIY is layout/wiring, mixing rectifier spikes into the regulated lines. And note that a Phantom supply really should not need absurdly low ripple.