Sounds right, C212 is listed as M104 on the schematic, and I remember those green 104's being on the larger side.
Guessing here. I wonder if they added that cap to extend the higher range of frequencies that can pass around the regulator. If I assume an inch of trace and cap lead between the cap and transistor (about 20nH), the self-resonant frequency would be in the 3.5MHz area and going inductive above that. A ceramic chip of lower value might help keep RF off the regulator, if any were to leak back past the final chokes.
Guessing here. I wonder if they added that cap to extend the higher range of frequencies that can pass around the regulator. If I assume an inch of trace and cap lead between the cap and transistor (about 20nH), the self-resonant frequency would be in the 3.5MHz area and going inductive above that. A ceramic chip of lower value might help keep RF off the regulator, if any were to leak back past the final chokes.