Using a buck converter with a transformer as the inductor to create an extra supply can be a viable solution if carefully designed. It consolidates the process, reducing complexity and cost compared to using two separate converters. However, it requires precise engineering to ensure proper regulation and isolation. While obtaining a low AC supply from the tertiary winding is possible, it might demand more sophisticated circuitry. Professional consultation and testing are recommended to determine the feasibility and optimize the design for your specific requirements.