Hi,
If you have a +5 you must use exactly this to make 3.6, no any reason to make 4 and then from 4 make 3.6. In post above this 0.4 V is the differences between input and output, the 0.4 V is a very small difference, many of good DC-DC chips work with different around 0.8 V, but if you have a 5 V then you have not a problem. If the input voltage is 5 and the output is 3.6 this is a 1.4 V over the regulator, this is the 14 W, not very easy to be cooled. My suggestion is use the DC-DC convertor, the LM2743/45/48 or something like this.