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I belive its better to start installation from begginning, If its fresh install and no data.
But If you have already data on system I belive it could be problem to go down from upper to lower version migration.
I suggest review below:
Application Tier Platform Migration with Oracle E-Business Suite Release 12 [ID 438086.1]
Export/Import Process for Oracle E-Business Suite Release 12 using 10gR2 [ID 454616.1]
General Notes For E-Business Suite Release 12 [ID 986673.1]
RHEL4 to RHEL5 upgrade
Re: Upgraded OS ans what are all steps to change in instance
If those are not help than I suggest rise SR