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LP2981: Can I bias the GND pin to bring the output up?

Part Number: LP2981
Other Parts Discussed in Thread: TPS7A24

Say I have the LP2981-50DBVR, the 5V part. Can I bias up the GND pin (say use a Schottky with 0.5V Vf between it and GND) and make it 5.5V? Will the performance be degraded?