Regardless of style all windows must meet certain minimums which are.
Awning window height from floor.
Any windows in a door must have tempered glass no matter the height unless it is too small for a 3 inch ball to pass through the window.
An exception from this requirement also remains in the 2018 irc for windows that do not open more than 4 inches or that are.
A standard projection b would be approximately half the height of your window.
If you are installing windows within 2 feet of a door and lower than 5 feet from the ground you need tempered glass in the windows even though these might be higher than 18 inches from the ground.
Minimum width of opening.
But if nothing is in front of the window lowering the sill will increase ventilation the more operable glass the greater the air flow and allow you to bring in.
Minimum height of opening.
Refer to the drawing.
Traditionally that height was meant to allow the placement of furniture under the sill.
You can choose either projection this will change the height of the awning and how far it projects out from the wall.
Similarly many windows can be set lower than the common height of 3 feet above the floor.
The short answer is awning windows can be used for egress but there is a longer answer.
The 2018 irc continues to require the bottom of openings created by operable windows to be a minimum height of 24 inches above the adjacent interior floor when they are more than 6 feet above the grade outside the window.
Maximum sill height above floor.
Minimum net clear opening.