A controller for a power converter, and method of operating the same. The controller improves power converter operating efficiency by regulating an internal power converter operating characteristic depending on a value of a power converter parameter measured after a manufacturing step, or an environmental parameter, preferably employing a table with entries dependent on the parameter value. The internal operating characteristic may be an internal bus voltage, a voltage level of a drive signal for a power switch, a number of paralleled power switches selectively enabled to conduct, or a basic switching frequency of the power converter. The controller may regulate an internal operating characteristic of the power converter using a functional relationship dependent on the parameter value. The environmental parameter may be received as a signal from an external source. The parameter measured after a manufacturing step may be a parameter measured from representative power converter(s).