Yes sir. In my oppinion it needs to be comfortable and practical. I saw a kid with a set that was set up with the high tom on the right side of his hi-hat, mid tom to the left, floor on the right, kick right in front of him, then the hi-hat there and snare to the left of the hi-hat...It's hard to explain but basically he did it so he could do one 16th note on each tom so starting with the right hand just bring his arms down: so high, mid, low, snare.
The problem with this was that that fill was the only reason it was set up like that, for any other fill it's just inconvenient and borders on difficult to do.
If you have a kit now, play around with the set up as much as you can, or go to a music store and move their shit around, at the very least, sit behind it to see if you can manage it. I for one can't do two floor toms very well because getting behind me with the way I sit can be some what difficult, so I have to find ways around it. I just moved all my tom tunings down half an octave or so and got a 3rd rack tom on a stand.
Good luck to you, let us know what you end up doing, and what works for you. I find that with that type of music, most people prefer to toms: one rack, one floor. Then a ride where the mid rack tom would normally be and crash cymbals placed wherever they want. Is this the type of set up you're talking about?
