It is generally good to render opaque geometry back to front to reduce overdraw, but not going so far as sorting the objects. We would do stuff like render the hands first in an FPS or render the skybox last in most games.

Now for the transparent layer: First occlusion is handled by the z-buffer as usual. If you render from front to back I assume you render to another buffer first and then composite to the framebuffer? If you render from back to front you don't need alpha in your framebuffer and can assume each rendered pixel is opaque, not needing that composite.

There's also order independent transparency stuff though which IIRC does need another buffer, which requires a composite but then saves you having to sort the objects.