Converters get hot due to the non-ideal efficiency of the devices; without knowing the load you are using I can only generalise. Note that the junction temperature of these devices can be quite high and not degrade performance (just what temperature is device dependent).

> Will that degrade the overall efficiency?

Yes. The overall efficiency will be \$\eta_1 \cdot \eta_2\$ where \$\eta\$ is the efficiency of each converter: Assuming them to be 85% efficient, you will have a total efficiency of 72.25% for the pair in series.

> Apart from eventually making them run cooler, is there any benefit?

Generally, running things cooler extends the life of the component(s)

> Is there any other reason why it makes no sense to do that? 

Unless efficiency is the overriding concern, no, as you do not appear to have regulators that can handle the load and remain cool.

Note that it is not that unusual to generate an intermediate voltage rail at the expense of some efficiency; this can make power distribution more effective and spreads heat around so it does not concentrate at a single converter.