Not really. I've done it both ways and hated taking the two down together. It was heavy, awkward, and doubly awkward twice-removed then squared.
But I didn't have a tranny jack OR an ATV jack, so that added to my troubles.
If I was doing it by myself again (which I did recently), I would take the transfer case off with the intermediate housing, then take the trans off by itself, then the bell housing. I just prefer it that way, because you can lock the trans in gear to avoid losing any bearings.
Frankly though, if you find that removing the t-case by itself just makes sense from a nut-n-bolt standpoint, go for it. It's easy enough to retrieve the fallen bearings from the bottom of the case, and easy enough as well, to put some grease on them to stick them back in when you go to re-install it.
Six of one, half a dozen of the other.
Doing it my way is still awkward on a Bronco, due to one or two of the housing bolts being hard to reach with it all up in the tunnel like they are. If you have a body lift, it's easier.
If you do it like I describe, we can tell you how to make the tool to lock the trans linkage so that you don't lose the bearings.
Paul