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MC34063 Inductor query

Hi everyone here...

I want to design a buck DC/DC converter using MC34063.

My basic required pararmeter are:

Input voltage: 24 Volt

Output Vol: 12 Volt

Maximum Output current : 700mA.

I have refere the application circuit given in the datasheet of Mc34063.

I have a query regarding the design.

If I use 1 Mili Henry Inductor instead of 220 Micro henry value then How does it affect the circuit performance?

And for 700mA current, 1N5819 Diode at output pin will suffice the circuit requirement.?

 

Thanks n Regards.

Krunal.