The current of 500mA in only shown in the schematic diagram for the output stage and
in the the first page (features) where it says 500 mA Peak Current Capability,
so when it says peak i don't think you can assume that it talks for the continuous current rating, this is after all a mosfet driver that will give very fast high current pulses so the specification is probably for that.
Maybe it can work with more current but there is also the possibility then this will overstress the chip and damage it after a period.
I wouldn't base a commercial product design on assumptions but on the actual data given by the designer of the chip.
Alex