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LMR16020: Higher efficiency at lower switch frequency

Part Number: LMR16020

Hello 

I have implemented this IC for PoE application, and after playing around with some RT/SYNC resister values, I noticed a significant difference in the efficiency with a lower switch frequency.  How come?
(I do already have a PCB with everything setup) 
VIN = 48V, Vout=12V

The schematic: