Not after Napoleon I, but quite possibly well after Napoleon III, after the Suez Canal was built. It might have meant at some point, taking over Libya and building a railroad from Algeria and Tunisia to Cairo and Khartoum and it definitely would have meant stationing French troops at Suez and facing down Great Britain--possibly allying with Russia or Germany to say no to the UK.
That is when the British would have had to look seriously at a Palestine Canal through the Galilee and the Arabah, flooding the Dead Sea and the Sea of Galilee, either with Ottoman cooperation or by taking Palestine away from the Ottomans.