Hi Ashutosh
I would use as high a PSD freqeuncy as the chip will allow. You won't be multiplying the phase errors as much.
I'm not familliar with the National parts only AD. I don't think there is that much to choose between them, others may dissagree we all have our favourites ;->
If it is 3400MHz you want to generate try to get the PSD frequency up to 100MHz.
To analyse your PLL you could try ADIsimPLL from AD. it only simulates their parts but you could use it as a guide.
Peter