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Webench AC power design seems off

Other Parts Discussed in Thread: LM317

When using an AC input in webench of 18V-30V (that's RMS) to provide a DC out at 3.3V and 500mA, webench gives the LM317 (an LDO) as the only viable solution.  This seems wrong on a number of levels, namely the power dissipation that the LDO would see at a rectified 30Vrms input (~42V rectified DC) to 3.3V out at 500mA works out to almost 20W of dissipation (!!).  The max voltage level input of the LM317 is 40V, which also seems low for this requirement.

Using rectified DC values (and the DC version of webench) appears to give reasonable results (switchers).  Why is webench recommending an LDO when using the AC version?

Thanks,

Dan