The Standard regulator is usually best for AC-powered applications, where the low cost and high load current make it the ideal choice. In AC-powered applications, the voltage across the regulator is usually at least 3V or more, so dropout voltage is not critical.
In some applications, a regulator may spend most of its life shut off (in standby mode) and only supply load current when a main regulator fails. In these cases, the quiescent current determines the battery life.
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