An app note from IXYS about choosing the right diode for efficiency and cost. Link here (PDF)
Great efforts have been made to improve power switches – MOSFETs and IGBTs – to decrease forward voltage drop and as well as to decrease turn-off energy. In switching inductive loads, the turn-on losses depend strongly of the behavior of the companion free-wheeling diode and now form the major part of over-all power losses. New developments like series connected diodes in a single package can greatly improve a given design. This paper shows how to choose the optimum diode using the specific example of a PFC circuit.