that seems like a real overkill - it's a full-blown RS232 receiver _and_ transmitter, including two DC-DC converters (with inductor and capacitor) that you don't even use... Also, "R_IN absolute max voltage" is +/- 25V, so I really would not use this in 24V system.
If you want slow and reliable input for industrial automation, it seems much safer to make one yourself - an input resistor, hefty diode/zener, voltage divider, maybe a schmitt trigger/debouncer made from opamp if you want to get real fancy.
If you want slow and reliable input for industrial automation, it seems much safer to make one yourself - an input resistor, hefty diode/zener, voltage divider, maybe a schmitt trigger/debouncer made from opamp if you want to get real fancy.