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LM76003: BIAS voltage is 5V, but may be unstable...still okay?

Part Number: LM76003

Using this device for 24V -> 12V generation.

In order to reduce losses, we are considering applying 5V (generated from a completely separate supply) to the BIAS pin (pin #9)

The 5V supply we are considering would be applied to BIAS pin at some yet-unknown timing, and there could be times when that rail decreases down to 0V occasionaly.

Is it still possible to use such a 5V rail for the BIAS?

We are assuming that when the BIAS voltage isn't enough, the internal LDO's source would automatically switch between PVIN <-> BIAS, and would operate without issue...
So only the power consumption (loss) would be affected.

Is this understanding correct?

Regards,
Darren