The regulator has to power a 100 ohm resistor connected in series with a 50 ohms rtd making voltage divider no.1 (the resistance of the RTD varies from 50 to 150 ohms depending one its temperature). It also has to power a 10 k pot making voltage divider no.2. It must also power a comparator (KA393) in which dividers no.1 and no.2 are connected. The output of the comparator is connected via a 360 ohm resistor to a MOC3023 and then from the MOC's internal led to the regulators 5volts. The MOC is used to drive a triac (TIC236) which in turn drives a 24 volt 60 watt soldering iron. The rtd is embedded into the ceramic heater of the iron for closed loop control.
The main power hungry component here is the 100 ohm resistor in series with the RTD. I could raise the voltage of the whole system to say 12 volts but more power will be wasted in the regulator and the rtd resistor combo.
You might want to rethink your circuit
The MOC3023's Led needs a constant current. When using a voltage regulator to get this, a change in the voltage regulator voltage is just a resistor value change.
The KA393 has a Vcc limit of 30V Vcc
If you put the RTD and the pot in a Wheatstone bridge
http://en.wikipedia.org/wiki/Wheatstone_bridgeyou can have this part of circuit not voltage source sensitive and also lower the voltage across the RTD to save power.
In image RX & R3 are the RTD & 100 ohm resistor
The pot is R2
Note that you state that the RTD = 50 to 150
If you put a 5K resistor in series with the pot and tie the wiper to one end of pot, you have a scaled difference in resistance the same as the RTD
Using the same scaling you select R1 to be the scaled version of the 100 ohm
When the RTD's resistance (which changes with temp) = the pot's side of bridge, Points B & C will be equal( the inputs to the KA393)
Adding a series resistor to point A would allow you to lower the voltage to the bridge.
Your voltage regulator would only have to handle the current changes not the total current with the remaining current supplied with a resistor.
You can now use any voltage regulator less than 30V that can hold regulation over the min current to max current change the circuit creates( RTD change + Pot change + led change + KA383 change.
C