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LP38502-ADJ: Can this part support 4.85V/600mA output from 5V/900mA input?

Part Number: LP38502-ADJ
Other Parts Discussed in Thread: TPS7A52

TI,

I am looking at this part LP38502-ADJ, Linear Voltage Regulator IC 1 Output 1.5A 8-WSON. This part is recommended be WEBench and other TPS parts.

Can this part support 600mA and 4.85V output current and voltage from an input of 5V and 900mA?From the datasheet it seems able to support this spec but like to confirm this viable. Or do you recommend any other part? no switcher pls. 

What is the voltage dropout at this output? 

And what is the different between TPS and LP parts?

BRgds