I've been tinkering with switch mode power supplies recently and it seems there are various types of buck controller IC's some with a 'COMP' pin for frequency compensation and some without, and I was wondering what the major trade offs are to having or not having this input? I know that well designed frequency compensation can control your feedback gain and stability so does that mean that the chips without that pin are inherently unstable?
For example two chips I am looking at are the TPS54531 from TI and the MC34063A. The MC34063 is appealing because it's cheap and a buck converter design with an external switch for high amperage seems fairly straight forward. The TPS54531 requires frequency compensation which is a bit more complicated and the chip appears to be much more expensive.
Are there chips that are cheap that allow for frequency compensation or is it something that I don't even need to worry about?
Edit: I also found this application note for the MC34063A useful: https://www.ti.com/lit/an/slva252b/slva252b.pdf