1.1V drop sure, which is how many percent of nominal output?
How much of that is taken up in the first few percent of rated current -- does it need a "bleeder" load to meet spec?
As I recall, the internal error amp has unimpressive gain (about 80x), so the regulation is poor as regulators go, but more than adequate, and 1.1V would have to be out of a total 40V+ nominal output to be due to regulator operation. So I suspect there may be a leakage current, or minimum duty cycle limitation, that's causing your output voltage to rise when very lightly loaded.
Or if it's because voltage is falling below nominal, at high currents, you might not have enough supply voltage (maximum duty cycle and dropout limitations), or you're using inferior components (inductor, diode, capacitors) that are costing voltage in a somewhat roundabout way.
Tim