I'm afraid the only automatic sorting strategy available is based on the test case name.
There's a workaround to change the order of the test cases: in the test cycle, go to the Test Cases tab, and drag and drop the test cases within that cycle to the position you'd like to see them. Then Save. The order should be reflected in the Test Player as well.
I understand this is not ideal as you'd have to change it manually for every test cycle. Do you mind adding a feature request in the Ideas Portal?