When I think about it, a drive that can write 1.4mb is probably writing more tracks per side than a drive that writes 720-800k
The track spacing is different between 1.44s an 800s.
NO.
If you're an old-enough timer you *may* confusing the issues with high vs. low density media with the additional track-spacing difference between 1.2Mb and 360k PC floppies. In that case, in addition to writing more bits-per-track the higher-density drive used 96 tracks per inch verses the 48TPI of the lower capacity. Because the tighter track spacing the higher density drive has a narrower read/write head, and that creates issues like what kyre described when trying to use the *higher density drive* to write to lower density disks which will be later read in an actual low-density drive, IE, the higher density drive would only overwrite *half* of what the low density drive put on the disk. Insert the disk into a real low density drive and the wider head will be able to see both the old and new data. This problem basically necessitated having to bulk-erase and format *on the high density drive using the low density mode* any media you wanted to use to carry data from the newer machine to the old one.
Both 800k (720k, DD) and 1.44MB (HD) 3.5 inch mechanisms use an identical 135 TPI track density and spacing so there's no "interleaving problem". The problem with using the higher density disks in the lower density drive are exclusively due to the differing magnetic properties of the media, IE, the higher density recording uses a higher write current on a less-easily-magnetized media in order to minimize crosstalk between bits that are more tightly packed than those recorded by the lower density devices. What this means in practice is:
A: Using a high-density disk in a low density drive will never be completely reliable even under the best of circumstances. Yes, there are plenty of people on the internet that will tell you they've gotten away with doing it for years and it seems to work fine, but the fact is that the strength of the magnetic field generated by the read-write head in a DD drive will make a weaker "imprint" on the disk than it should. This is why even a disk that formats okay may randomly fail soon afterward; you're essentially writing your data in disappearing ink.
B: If you do insist on it you pretty much either have to bulk-erase your HD disks or format them multiple times. The 800k drive will already be having trouble making its mark on the media, it's going to have a doubly-hard time overwriting the magnetic footprints left by the higher-strength magnetic field that was at work if the disk was *ever* formatted to its full 1.44mb capacity. (In the later years of floppy disk production almost all floppies came with a DOS format on them from the factory, that counts.) Again, *THIS* is why the disk ever being formatted matters, not a "track interleave" problem.
Note, of course, that 1.44MB drives automatically switch to the lower write current used by 720/800k drives when writing at the lower density. So sticking a piece of tape over the density detection window and formatting your HD disk in a 1.44mb drive isn't going to do any better job making a "compatible" disk than formatting it in the real McCoy.
floppydisk.com has 720k disks for a buck each. Yes, that's semi-pricey. But if you don't need a million of them it's an option.