I could see that working on a team line the Twins a few years ago where their top HR guy only had like 25 or so. To me that's almost a lineup built around small ball.
At the same time though you always want your best players hitting higher up in the lineup. The difference between a 5 hitter and an 8 hitter of the course of a season is a couple hundred at bats.
(that also tends to be how softball teams create their lineup in leagues where more than 9 people bat because it helps create a more steady offense).