Does order of party members matter in Might and Magic series?

So I asked at GOG forums and I finally got nice answers. Here is the best, by the user MalcolmMasher:

In Might and Magic 1-2, party order is very important, because some of the party will be in range to use melee weapons against the monsters, but typically not all of it.

In Might and Magic 3-5, the two party members furthest to the left are relevant to the Bash command, but I do not think party order matters in any other way. So put the characters with the best Might on the left side.

In Might and Magic 6-9, party order does not matter at all (except that, yes, when the leftmost character uses an arrow/spell it will start from the left area of the screen, and so on.)