In the absence of Dravid and Laxman, maybe.
Depends on the player himself too. Dravid and Laxman were always the sorts who played swing and pace quite well, it would make sense to send them a spot above Sachin. Partly because they ran less of a risk of getting out early due to their style of play, and partly to shield Sachn against the hardest part of an innings. Sachin could walk in when the ball was softer, and would be less prone to falling early and thus more likely to cash in.
In ODIs it worked differently - Sachin was more or less the most destructive batsman in the side, along with Ganguly/Sehwag, and thus you used them to cash in on the field restrictions or to get you off to flying starts in pursuit of big totals. Dravid once again could walk in at three and build the innings.
As a general rule, never have your best batsman batting lower than number 5, unless you need him to bowl quite a bit as well. And as much as possible, keep him at either 3 or 4.
Also general rules would be to have two contrasting openers (left hand/right hand, aggressive/defensive, etc), to have specialist openers as much as possible, and to stick your big hitters lower down the order and promote them up as pinch-hitters if needed.