Your reasoning seems good.
I could put in an NPN MOSFET to get 2A at the output using one IC MC34063A, but I like BJT transistors, it's a reference to analog circuits, non-linearity compared to on/off and unnecessary digitization of simple processes.
Advanced Semiconductor Materials Lithography ASML is such a complicated process now, this can be done cheaper, simpler, but it does not mean that it will be a better solution, because it may be susceptible for example to the influence of cosmic radiation, because this pursuit of miniaturization may lead to the construction of IC transistors not based on BJT technology but MOSFETs more sensitive to chip war which currently dominates electronics: The race for semiconductor supremacy